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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Ethereum Total Value Locked Reaches Highest Level Since 2022 After Crossing $90 Billion, Will Price Follow?

Scott Matherson
Scott Matherson
7 months ago
3 mins read
Ethereum Price at Support

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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. 

Ethereum TVL Hits New Milestone With $90 Billion Growth

Data from DeFi TVL aggregator DefiLlama reveals that Ethereum’s 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. 

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A surging TVL generally signals an increased usage and adoption of Ethereum’s blockchain ecosystem. It reflects both interest and confidence from institutional and individual investors, underscoring a potential shift in market sentiment from bearish to bullish.  

The massive growth in Ethereum’s 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. 

Commenting on Ethereum’s $90 billion TVL growth, crypto analyst ‘Bitcoin Buddha’ 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. 

Echoing this enthusiasm, a crypto member known as ‘CR’ 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. 

While Ethereum’s $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’s future price prospects. 

Analysts Strong Bullish Stance On Ethereum Price Potential 

Various crypto community analysts are super bullish on Ethereum’s 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. 

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Ethereum price 1
Source: X

 

Another analyst, known as ‘Mister Crypto,’ 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’s halving year. 

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.

Ethereum price chart from Tradingview.com
ETH price drops to $3,370 | Source: ETHUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
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How Our News is Made

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