Ether.fi Price Surges 25% to Eight-Month High Amid Broader Crypto Rally
Ether.fi (ETHFI), the native token of the decentralized and non-custodial Ethereum staking protocol, experienced a significant price surge, rising over 25% within 24 hours to reach an eight-month high of $1.79. This marks a sharp uptick from previous levels and represents prices last seen in January 2025.
The notable pump coincided with a substantial increase in trading volume, which soared by 123% to more than $225 million. With these double-digit gains, ETHFI emerged as one of the top performers among the 100 largest cryptocurrencies by market capitalization, consolidating its position after breaking above the $1.40 resistance level.
Ether.fi Price Rally Follows Ethereum’s Surge to $4,500
This breakout mirrors the broader crypto market momentum, where Bitcoin (BTC) recently shrugged off concerns surrounding the United States government shutdown to break past the $120,000 resistance mark. Ethereum (ETH) also reclaimed the $4,500 level, bolstering several top Ethereum-based projects, including Ether.fi, Ethena, and EigenLayer.
Amid heightened volatility among major altcoins, ETHFI appears poised for a potential retest of the $2.00 mark, signaling strong bullish sentiment.
Recent Developments Fueling Momentum
Several recent developments have contributed to Ether.fi’s rally. Notably, Ether.fi’s integration with crypto platform FalconX and its listing on Upbit have provided additional catalysts for growth.
FalconX, a leading digital assets prime brokerage, recently partnered with Ether.fi to support eETH, a liquid Ethereum restaking token. eETH is now accessible across FalconX’s spot, derivatives, and custody solutions, enabling institutional clients to access over-the-counter liquidity for this innovative token.
Joshua Lim, Global Co-Head of Markets at FalconX, commented on the integration: “By supporting eETH across our platform, we’re enabling clients to engage with one of the fastest-growing restaking protocols in ways that fit seamlessly into their existing strategies.”
Ether.fi’s Total Value Locked Surpasses $11 Billion
The protocol’s total value locked (TVL) currently stands at over $11.26 billion, underscoring its growing prominence within the decentralized finance (DeFi) ecosystem.
As Ether.fi continues to build momentum alongside the broader Ethereum ecosystem, market participants will be closely watching its price action and adoption trends in the coming weeks.
https://crypto.news/ether-fi-price-hits-8-month-high-amid-25-spike/