- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Here’s why the ETHFI price has gone parabolic
By: bitcoin ethereum news|2025/05/16 05:45:05
0
Share
Ether.fi token continued its strong rally, reaching its highest level since February, even as Bitcoin and other altcoins retreated. Ether.fi (ETHFI) jumped to $1.60, up more than 300% from its April low, giving it a market cap of over $420 million. ETHFI, a liquid staking and restaking network on Ethereum (ETH), jumped as the total value locked soared to $6.8 billion. This increase made it the fourth-biggest player in decentralized finance after AAVE, Ldo, and EigenLayer. The assets have soared by 52% in the last 30 days. This growth has led to higher fees collected by the network. It made $3.15 million last week, up from $2.65 million a week earlier. It has already made $2.35 million this week so far. Ether.fi is using these fees to buy back its tokens, an initiative intended to support token value. In an X post on Thursday, the developers announced plans to repurchase ETHFI tokens worth 103 ETH using last week’s fee revenue. In a recent update, the team stated that buybacks will occur weekly using withdrawal fees and monthly using all other protocol revenues. All repurchased tokens will be distributed to staked ETHFI holders. 103 ETH of revenue from the prior week will be used for $ETHFI buybacks. Buyback execution update coming soon. — ether.fi Foundation (@ether_fi_Fdn) May 15, 2025 ETHFI price analysis The daily chart shows that the ETHFI price has jumped to $1.6080, its highest level since February this year. This rebound happened after it formed a falling wedge pattern, a popular bullish reversal sign. It has also moved above the important resistance point at $1.1320, its lowest point on August 5 last year. It has also moved above the 50-day and 25-day Exponential Moving Averages. The Relative Strength Index has moved to the extreme overbought point of 85. Also, the Average Directional Index has moved to 42. Therefore, it will likely continue rising as bulls target the next point at $3.1282, the highest point in December, which is about 100% above the current level. A drop below the support at $1.1318 will invalidate the bullish outlook. Source: https://crypto.news/heres-why-the-ethfi-price-has-gone-parabolic/
You may also like
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM
On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111
AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.
Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments
The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.
Web3 teams should stop wasting marketing budgets on the X platform
The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.
Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other
When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.
Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other
Bitcoin hodlers are starting to nested be in each other.
Key Market Intel on March 12th, how much did you miss out on?
1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base
2. Biggest Gainers/Losers: $DRV, $LYN
3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%
The new center of Crypto
But the market is constantly evolving. By 2026, companies that can adapt to the new environment will survive, while those that continue to rely on the old script may face the fate of elimination.
Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto
People often fantasize that wealth comes from catching every new wave. Sometimes this is true. But more often, wealth comes from riding a real wave and not blindly paddling away every time the water splashes around.
Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?
Polymarket data shows that the current market is betting a 64% probability of an interest rate cut in June this year, with the probability rising to 81% for September.
After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened
The digital assets that should have been returned to the victims have quietly flowed into government treasuries, strategic reserve funds, and law enforcement agencies' operational budgets.
Why Does Everyone Hate AI?
AI and Silicon Valley's PR Crisis
Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX
The beauty of PropAMM on Solana is that the blockchain itself directly "hosts" the liquidity provider algorithm.
What are the chances of a 5X MOONSHOT for HYPE?
Hyperliquid is building a new growth logic
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM
On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111
AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.
App