Analysts of the Sygnum International Digital Asset Bank said that the second one according to the capitalization of cryptocurrency has finally overcame a long bear trend, and the spotes ETH-ETF record the record flow of capital.

According to bank experts, the growth of the ether course is supported by growing demand from investment funds and recent Pectra updates. At the same time, large companies as BNY Mellon and Societe Generale are increasingly interested in stablecoins based on the Ethereum.

“Growth in liquidity, improving regulation in the United States and a surge in activity create favorable conditions for increasing coin quotes and the beginning of the altcoin season,” Sygnum experts say.

Now 30% of the liquid proposal of the broadcast is blocked in staming, and the volume of lending in the decentralized finance market (Defi) reached the maximum value of $ 70 billion. Sygnum experts drew attention to a decrease in bitcoin dominance to 6% over the last month – it is considered an indicator of the growing interest of investors in the broadcast and other altcoins.

At the same time in Sygnum They fear: the existing excitement around altcoins can cause a repetition of the 2021 scenario, when deep correction followed after the rapid growth of the quotations.

Earlier, Bernstein brokerage experts said that large companies are increasingly choosing an ether instead of the first cryptocurrency as an object of investment, since the second one in capitalization of cryptocurrency offers them such a profitable tool for making a profit as a staining.