Ethereum's Total Value Locked (TVL) has increased by $7.79 billion in the past week, making it the blockchain with the highest growth in TVL during this period. The rise in TVL coincides with a temporary increase in the price of ETH to $4,000, indicating renewed investor confidence. TVL is a crucial metric in the cryptocurrency and DeFi ecosystem, representing the total value of assets locked in decentralized applications and protocols. The increase in TVL suggests growing adoption and trust in Ethereum, potentially driving further appreciation for ETH price. Additionally, Ethereum exchange inflow volume has dropped, indicating holders are not willing to sell, which is seen as bullish for the price. The ETH/USD chart suggests that the cryptocurrency may trade higher and potentially reach $4,200 in the short term if the trend continues. However, if the Ethereum TVL drops, ETH may decrease to $3,175.



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