3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum
LDO price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%.
Auto Added by WPeMatico
LDO price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%.
Ethereum's supply across whale addresses has dropped consistently since March 2020, offset by greater retail interest.
Another chunk of ETH has been withdrawn due to Kraken, but deposits going onto the network have almost matched them.
Ethereum staking withdrawals are picking momentum. But they have not been able to cause a major selloff as many had anticipated post the Shanghai upgrade.
After months of delays, Ethereum validators can finally withdraw their staked Ether and rewards from the Ethereum Mainnet.
ETH traders are exercising caution ahead of the April 12 Shapella hardfork, but the signal to watch is staking unlock requests.
Traders question whether the underperformance is due to the Shapella hard fork, while derivatives data indicates that ETH buyers lack conviction.