Tvl increased by 7.79 billion USD: Ethereum witnessed a significant TVL increase of 7.79 billion USD in just one week. This spike brought the total to 77.15 billion USD, emphasizing its leadership among blockchain platforms and highlighting strong institutional confidence in the network.

Decreased exchange inflows: Exchange inflows have dropped to a monthly low, suggesting reduced selling pressure. Investors’ reluctance to sell amid this TVL surge indicates bullish sentiment towards Ethereum. This trend aligns with Ethereum’s ability to counteract prior bearish patterns, boosting confidence.

Price nearing 4,200 USD resistance: With Ethereum approaching the 4,200 USD mark, robust buying pressure is evident. The network’s TVL growth supports this Movement, although stakeholders should watch for potential support tests around 3,175 USD if TVL trends reverse.