Going through the Standard Chartered bull case for ETH and the first metric mentioned is how TVL in ETH terms is close to ATH
Not exactly
Still off ATH by 30-40% in ETH terms
And 60% off ATH in USD terms

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Original author: ChandlerZ, Foresight News
On the evening of May 28, the SPACEEX-USDH perpetual contract on Hyperliquid experienced a sharp flash crash, with the price falling from a low of $2,277 to a low of $1,254 within 30 minutes, a drop of nearly 45%, before rebounding to around $2,169.
This crash resulted in the liquidation of 405 users and 1,393 positions, with a total liquidation amount of $1.51 million.
Data shows that the total trading volume of this contract in the past 24 hours...

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I like Eth, but I won’t hold liquid in Eth until security improves where we see a steady uptrend in RWA and DeFI TVL secured. For now my only Eth exposure is via NFTs