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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.