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Strong conviction among Ethereum long-term holders, DeFi TVL up

The recent price action has been pointing south for ether (ETH). However, there are strong indicators that many in the industry have strong conviction in the asset.

Strong conviction among Ethereum long-term holders, DeFi TVL up

Cover art/illustration via CryptoSlate

The market value of ether (ETH), the second-largest digital asset by market cap, has taken a big toll of late.

The price of ETH is at the moment of writing hovering around $3,100, down about 36 percent since its all-time-high on the 10th of November.

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