Ether.fi shows rising fees and TVL, with token holders climbing but no Q3 buybacks yet.

Ether.fi's protocol activity is growing, evidenced by rising fees reaching $2.8 million weekly and total value locked (TVL) increasing to $3.532 billion. The number of token holders has also grown to 131,940, indicating sustained demand despite no buyback spending in Q3 so far. However, a liquidation heatmap suggests potential sell pressure near the $0.45 price level, which could lead to a short-term pullback. Continued capital inflows and strong on-chain activity may support further gains for ETHFI.