Ethereum Sees $83 Million In Capital Flows as Rally Gains Momentum

Ethereum is showing signs of a potential rally as it attracts strong capital inflows and sees rising network activity. According to recent data, Ethereum has seen $83 million in capital inflows and increased network fees, indicating growing on-chain activity.

Daily transactions have risen steadily, suggesting the asset may be undervalued at its current price of $1,888.

However, decentralized exchange (DEX) trading volume and stablecoin supply on Ethereum have declined, indicating uneven momentum across the ecosystem.