The Ethereum layer 1 ecosystem shows signs of revitalization, TVL now approaching $ 190 billion – the highest level since the end of 2022.
According to the TOKEN terminal, the resurgence is driven by a balanced increase through stalins, loans, liquid intention and Dex protocols.
Source: X
In particular, liquid -liquid and loan protocols gain ground, signaling the appetite of investors for generating performance applications.
This shows that the capital runs in the fundamental infrastructure of Ethereum, strengthening the bullish feeling in parallel with the technical rupture of ETH.
What to monitor
While ETH holds more than $ 1,600 after its recent escape, traders are considering the resistance of $ 2,000 as the next major obstacle.
A successful violation could open the way to $ 2,500 to $ 3,000 in the medium term. However, the support of $ 1,600 remains crucial; A drop below this level could point out a potential reversal.
Macroeconomic events to come, in particular all indications for reducing federal reserve rates by June, could influence ETH trajectory.
The inflation of cooling increases the chances of such cuts, which potentially increases risk assets like Ethereum. In particular, a portfolio linked to the Ethereum Foundation recently transferred 1,000 ETH to Kraken, which raises concerns about a possible sale.
These movements could have an impact on market feeling and price stability.
