Key Insights:
Ethereum has eyed $3,200 amid ETF approvals and institutional accumulation.
Ethereum's TVL hits 21.8M ETH, reinforcing DeFi dominance.
Bitcoin dominance drops 6%, fueling Ethereum’s potential breakout.
At press time, Ethereum (ETH) price traded at $2,698. The token has struggled to maintain levels above $2,800 after a 21% decline since January 31.
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