Ether.fi, a superior attack network in Ethereum, is used in a brief squeeze since its total blocked value jumped to a record.
The price of Ether.fi (ETHFI) increased to $ 1,1397 on Sunday, 215% lower than its level below this month. This brought a market limit to more than $ 273 million and its complete assessment to $ 1.17 billion. Its 24 -hour volume increased by 291% to $ 493 million.
The Token Ethfi jumped when the total value blocked in its ecosystem increased to a record of 2.72 million ETG, compared to 2.42 million in January. It has increased from 46,000 in January last year.
The TVL has increased to $ 6.86 billion in terms of US dollars, which makes it the fourth largest player on the decentralized finance platform.
This growth has led to a great increase in its weekly rates. Defilama data show that weekly rates increased to $ 3.1 million, their highest point since February of this year. The monthly income of Ether.FI increased to $ 2.4 million, with a part of him to his repurchase of Token.
The Ether.FI network has had a good performance in recent days due to the increase in Ethereum prices (eth) ongoing. After hitting a minimum of $ 1,388 in April, the price of Ethereum increased to a maximum of $ 2,595, its highest level since February.
Other Ethereum defi networks have also had tickets as their price increased. As a result, the total value blocked in its network has increased by 43% in the last 30 days to more than $ 130 billion.
Technical Price Analysis of ETHFI
The daily table shows that the price of ETHFI has recovered in recent weeks, moving from a minimum of $ 0,3937 in April to more than $ 1. has shot over the exponential mobile averages of 50 days and 100 days, a sign of gaining impulse.
Ethfi, which Arthur Hayes supports, has also tested the important resistance point at $ 1.50, the lowest point in August, September and November last year. Therefore, the price of the currency will probably continue to rise, with the next point of seeing at $ 2.
