Big news about Ethereum (ETH), a type of cryptocurrency! Its price went up 6% recently, reaching $2300. But some things are a bit worrying.
- Ethereum's value locked in DeFi (decentralized finance, where you can lend and borrow crypto) went down.
- Trading of Ethereum on decentralized exchanges also decreased.
- Network fees also fell, showing less activity.
- An upcoming upgrade called Petra might help, but it's not certain.
| Thing | Number |
|---|---|
| Ethereum's price (high) | $2846 |
| Ethereum's price (low, possible) | $2200 |
| Ethereum's price (recent) | $2300 |
| DeFi value (February) | $50 Billion |
| DeFi value (January) | $71 Billion |
Experts are unsure if the price will keep going up. A big price jump depends on if it can break past $2846. There's a meeting about crypto at the White House soon, which might affect prices.
