Ether.fi price hits 8-month high amid 25% spike
Ether.fi price rose as the decentralized and non-custodial Ethereum staking protocol’s native token mirrored broader crypto gains with a 25% spike in the 24 hours to hit an eight-month high of $1.79.
- Ether.fi price jumped to $1.78 as a 25% spike took bulls to an eight-month high.
- Bitcoin’s rally to above $120,000 and Ethereum’s surge to $4,500 helped an overall altcoin bounce.
- The ETHFI token now eyes a breakout above $2.00.
Ether.fi price rose sharply on Thursday, with an uptick of over 25% helping bulls to retest $.179, prices last seen in January 2025.
The pump to the eight-month high came as trading volumes surged 123% to more than $225 million. With double digit gains on the day, ETHFI ranked among the top gainers in the 100 largest coin by market cap. This surge sees the token consolidating higher after breaking above $1.4.
Ether.fi price rallies as Ethereum pumps to $4,500
The breakout to current levels comes as the crypto market records notable gains, with Bitcoin (BTC) shrugging off the United States government’s shutdown to breach resistance at the $120,000 mark. Ethereum (ETH) following suit to reclaim the $4,500 mark looks to have bolstered top ETH beta plays, including Ether.fi, Ethena, and EigenLayer.
Amid this heightened volatility for top altcoins, ETHFI is poised for a retest of the $2.00 mark.
As well as the technical breakout, recent developments such EtherFi’s integration with crypto platform FalconX and the listing of ETHFI on Upbit has helped momentum.
For instance, FalconX, a digital assets prime brokerage, recently partnered with EtherFi to add support for eETH, a liquid Ethereum restaking token. The token is available across FalconX’s spot, derivatives, and custody solutions, with institutional clients now able to access over-the-counter liquidity for eETH.
The team at ether.fi said the integration is a key step in the decentralized finance protocol’s “evolution into a truly institutional-grade product.”
“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,”said Joshua Lim, global co-head of Markets at FalconX.
Ether.fi’s total value locked currently stands at over $11.26 billion.
