Currently, Ethereum secures 63% of the total value locked across all blockchains, reflecting significant blockchain activity and institutional interest.

Chhugani highlighted resilient supply dynamics, noting that Ethereum's transition to proof-of-stake has stabilized its supply at approximately 120 million ETH, with 28% locked in staking.

He also pointed out a decline in Grayscale ETF outflows, revealing that excluding Grayscale, ETH under management was up 36% month-on-month in November.

Potential regulatory changes could allow ETH staking yields for ETF holders, making the current 3% yield attractive, especially if yields increase to 4-5% due to rising blockchain activity.

While Solana is gaining traction among retail users, Ethereum remains the preferred platform for institutional applications, including asset tokenization and stablecoins.

Gautam Chhugani, a notable Wall Street crypto investor, provided four reasons to consider investing in Ether now.

Matthew Sigel, Head of Digital Asset Strategy at VanEck, noted that Ether has underperformed compared to Bitcoin in 2024, with Ether rising 59% year-to-date, while Bitcoin has surged 124%.

Despite this, Ethereum ETF assets have reached $11 billion, with net inflows of $574 million, indicating renewed interest in the asset class.

Sigel emphasized the strong fundamentals for Ethereum, pointing to a recent increase in ETF inflows as a sign of this renewed interest.

Layer 2 chains on Ethereum have seen over 15 million daily transactions, with Coinbase's Base chain accounting for 7.5 million, underscoring Ether's dominance in this area.