Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Ethereum, the second-largest cryptocurrency after Bitcoin, has reached a significant milestone after its Total Value Locked (TVL) surpassed $90 billion this month. This massive surge marks the highest TVL Ethereum has recorded since April 2022, igniting discussions about the likelihood of a huge price rally in the coming months.\u00a0 Ethereum TVL Hits New Milestone With $90 Billion Growth Data from DeFi TVL aggregator DefiLlama reveals that Ethereum\u2019s TVL has surged past $90 billion, reaching its highest level since April 2022. This unexpected resurgence signifies a potential comeback for the altcoin giant, further solidifying its position at the forefront of the DeFi ecosystem.\u00a0 Related Reading: Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000 A surging TVL generally signals an increased usage and adoption of Ethereum\u2019s blockchain ecosystem. It reflects both interest and confidence from institutional and individual investors, underscoring a potential shift in market sentiment from bearish to bullish.\u00a0\u00a0 The massive growth in Ethereum\u2019s TVL has also sparked debates about its potential impacts on the altcoin’s price trajectory. Various analysts are speculating that this distinct milestone could trigger a price recovery for Ethereum, which has been experiencing a prolonged consolidation since its decline below $4,000.\u00a0 Commenting on Ethereum\u2019s $90 billion TVL growth, crypto analyst \u2018Bitcoin Buddha\u2019 suggested that the top altcoin could be at the beginning of its next bull run, driven by market sentiment and steady bullish momentum. The analyst also cautions that not holding ETH could lead to regret, predicting an bullish altcoin season and an Ethereum bull run by 2025.\u00a0 Echoing this enthusiasm, a crypto member known as \u2018CR\u2019 emphasized that 2025 could be a pivotal year, as he anticipates a potential bull rally for Ethereum. The price of ETH is currently trading at $3,368, reflecting more than a 15% crash from its previous price high around the $4,000 mark.\u00a0 While Ethereum\u2019s $90 billion TVL growth is a major development, DefiLlama has recorded a significant drop, with the TVL currently at $69.31 billion. Despite this decline, analysts remain optimistic about Ethereum\u2019s future price prospects.\u00a0 Analysts Strong Bullish Stance On Ethereum Price Potential\u00a0 Various crypto community analysts are super bullish on Ethereum\u2019s future outlook, projecting massive price rallies by 2025. According to crypto analyst Mags, Ethereum is gearing up for a massive price rally that could propel it to a new all-time high of $7,297.\u00a0 Related Reading: Dogecoin Price Breaks Out Of Symmetrical Triangle Pattern, Analyst Puts Target Above $0.37 Another analyst, known as \u2018Mister Crypto,\u2019 shares a similar bullish sentiment and projects that Ethereum could experience a price explosion by Q1 2025. This forecast is based on a historical trend, where Ethereum typically experiences a price rally after Bitcoin\u2019s halving year.\u00a0 Mister Crypto has also highlighted a growing interest among whales, with these large-scale investors seemingly preparing for a bullish surge in Ethereum. The analyst reported that Ethereum whales are accumulating tokens exponentially, further strengthening the likelihood of a potential price pump. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":647069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,89213,16163,1946,7931,6931,8686,78803,84310],"class_list":["post-667283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-tvl"],"acf":[],"yoast_head":"\n
Ethereum Total Value Locked Reaches Highest Level Since 2022 After Crossing $90 Billion, Will Price Follow?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n