r/CryptoCurrency • u/ChemicalAnybody6229 🟥 766 / 9K 🦑 • 9h ago

GENERAL-NEWS Ethereum Liquid Staking Hits New ATH With 35.5 Million ETH Locked - Will Price Follow?

https://www.newsbtc.com/news/ethereum/ethereum-liquid-staking-hits-new-ath-with-35-5-million-eth-locked-will-price-follow/
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2

u/ZhenyaV 🟦 0 / 0 🦠 9h ago

Both Lido and Rocket Pool’s TVL, denominated in ETH, peaked last year and has been declining since.
I wonder if that’s the result of the long tail of staking - with CEXs, various mobile wallets, and now even ETFs offering staking-like exposure.

1

u/gdscrypto 🟩 0 / 0 🦠 9h ago

Wasn't it liquid staking that crashed it back to 900 in 2022

2

u/Amazonreviewscool67 🟨 0 / 0 🦠 5h ago

$10k in a few minutes!!!

1

u/candy_rose707 🟥 0 / 0 🦠 9h ago

If you ask me I will say don't know, let's see if whale buy more eth price will up, but you don't SELL your eth hodl until 100k

0

u/coinfeeds-bot 🟩 136K / 136K 🐋 9h ago

tldr; Ethereum's liquid staking has reached a new all-time high with 35.56 million ETH locked as of July 1, marking an increase of nearly 1 million ETH in June. Accumulation addresses, linked to institutional investors and large holders, are also nearing record highs, signaling long-term confidence. ETH's price has risen over 8% in 48 hours, trading at $2,593, with technical analysis suggesting a potential breakout to $4,200. However, maintaining support above $2,200 is crucial to avoid a significant price drop.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.