Ethereum (ETH) price has once again refreshed its historical record, breaking through the $4,800 barrier, reaching a new high of $4,865. In the past 24 hours, the ETH price has surged by 8.3%, showing strong pump momentum.



This price breakthrough is accompanied by positive signals from on-chain data. Large investors, commonly known as 'whales', are continuing to increase their ETH holdings, indicating their optimistic outlook on Ethereum's long-term prospects. Meanwhile, the funding rates in the derivatives market remain high, reflecting traders' bullish sentiment towards ETH.

However, in this optimistic atmosphere, investors also need to remain vigilant. Market sentiment is in a state of 'fear of missing out' (FOMO), which may lead to a price correction in the short term.

It is worth noting that with the pump in ETH prices, the decentralized finance (DeFi) ecosystem has also reached a new milestone. The total value locked (TVL) in DeFi protocols has simultaneously hit a new high, surpassing the $110 billion mark. This data highlights the important position of the Ethereum network in supporting innovative financial applications, while also reflecting the continued trust and demand from users for DeFi services.

Despite potential fluctuations in the short term, the overall development trend of the Ethereum ecosystem remains encouraging. Investors and developers should closely monitor further innovations and potential opportunities in this field.
ETH3.96%
FOMO4.58%
DEFI2.91%
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ApeWithNoChainvip
· 16h ago
The 70 cents mining guy has already run away.
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GasFeeBeggarvip
· 18h ago
The price is rising so much, when will the gas fees be lowered a bit?
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OfflineNewbievip
· 23h ago
It is the awakening moment of suckers again.
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CounterIndicatorvip
· 08-23 21:50
Bull! It's about to collapse.
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HypotheticalLiquidatorvip
· 08-23 21:49
The borrowing rate is so high, another wave of Get Liquidated is about to happen.
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TokenUnlockervip
· 08-23 21:49
Enter a position and buy, All in.
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RooftopVIPvip
· 08-23 21:41
The stairway is being抢 again.
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DoomCanistervip
· 08-23 21:31
It's time to cash out at the peak, right?
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