Ether.fi Staking Frenzy Sends TVL Rocketing to All-Time High

Ether.fi just smashed records as stakers pile in—TVL surges past previous peaks while the ’trustless’ crowd cheers. Liquid staking protocols are eating traditional finance’s lunch, one validator at a time.

How it happened: A perfect storm of Ethereum’s Shanghai upgrade fallout, yield-hungry degens, and that sweet, sweet compounding ETH. Meanwhile, Wall Street still can’t figure out if crypto is a scam or their next bonus pool.

The kicker? This isn’t just a flash in the pan. With Eigenlayer integrations going live and restaking narratives gaining steam, Ether.fi’s runway looks longer than a banker’s expense account.

ETHFI price technical analysis

The daily chart shows that the ETHFI price has rebounded in the past few weeks, moving from a low of $0.3937 in April to over $1. It has soared above the 50-day and 100-day Exponential Moving Averages, a sign of gaining momentum.

ETHFI, which Arthur Hayes backs, has also retested the important resistance point at $1.50, the lowest point in August, September, and November last year. Therefore, the coin’s price will likely keep going up, with the next point to watch being at $2.