NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Analyst Expects Ethereum and DeFi to Go on a “Stupid Run”

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Yearn.finance YFI

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The decentralized finance sector has posted massive gains throughout the past week, with all the “blue-chip” tokens seeing explosive momentum as bulls flood back into the embattled fragment of the crypto market at full speed.

This rebound first began when DeFi darling Yearn.finance’s YFI token hit lows of $7,500, at which point it incurred some massive momentum that sent it skyrocketing towards highs of $18,000.

It has since stabilized and is trying to post a high time frame close above this crucial level. If firmly broken and held above over an extended period of time, it could provide a base for it to grow upon that allows it to set fresh all-time highs.

In tandem with the price spikes seen by many crypto tokens within the ecosystem, liquidity providers’ yields on decentralized trading platforms have also rocketed.

This has justified the price movements seen by DeFi tokens and could create a tailwind to lift them higher.

One trader is now noting that he expects DeFi crypto assets to go on a “stupid run” in the near-term as the rest of the market shows continued strength.

He believes that the stability currently seen by Bitcoin, and a massive Ethereum rally, will incubate this next movement.

Crypto Market Stability Aids DeFi Rebound

The rebound seen throughout the larger DeFi tokens as of late can be seen while looking towards the DeFi perpetual index on FTX, which tracks the value of a handful of the top projects within the sector.

This contract bottomed at lows of $1,400 a couple of weeks ago and is currently trading at $2,160.

At its peak in late-August, the DeFi index reached highs of $3,500. Although it has a way to go before it reclaims these high, the recent lows are looking like a long-term bottom.

Analyst: DeFi Tokens Could Soon Rocket Higher

One analyst explained that he believes DeFi tokens are on the cusp of rocketing higher in the near-term, which will be incubated by Ethereum seeing a “stupid run.”

“Right now there is broad market strength in Defi blue chips, ETH, and Bitcoin. ETH looks like it wants to go on a stupid run. Send this and SNX YFI RUNE AAVE UNI all go bonkers to say the least,” he said.

Ethereum

Image Courtesy of Cantering Clark.

Where Ethereum trends next will undoubtedly influence the broader DeFi market. Any continued strength could send smaller tokens rocketing higher.

Featured image from Unsplash.
Pricing data from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Price Readies for Takeoff

Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

Ethereum price started a fresh increase above the $2,485 zone. ETH is now consolidating gains and might soon aim for...

Aayush Jindal 1 day ago
Ethereum

Top Analyst Predicts Major Ethereum Rally Toward $4,000 As Shorts Hit All-Time Highs

As the market’s second largest cryptocurrency, Ethereum (ETH), struggles to maintain momentum above the crucial $2,500 threshold, one analyst believes...

Ronaldo Marquez 2 days ago
Ethereum Price Recovery Stalls

Ethereum Price Tests Resistance — Breakout Could Spark Rally

Ethereum price started a fresh increase above the $2,480 zone. ETH is now consolidating gains and might soon aim for...

Aayush Jindal 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Price Drops After Bullish Attempt

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Aayush Jindal 3 hours ago
Ethereum

Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key

Godspower Owie 13 hours ago
BitMine

BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury

Ronaldo Marquez 16 hours ago

Premium Sponsors

Press Releases

  • Ethereum Enthusiasts Easily Earn a Stable Daily Income of...

    8 hours ago
  • Hledáte nejlepší kryptoměny k nákupu v roce 2025

    Hledáte nejlepší kryptoměny k nákupu v roce 2025? Tady...

    11 hours ago
  • Cauți cele mai bune criptomonede de cumpărat în 2025?...

    11 hours ago
  • Tražite najbolje kriptovalute za kupnju u 2025. 4 top izbora za vaš portfelj

    Tražite najbolje kriptovalute za kupnju u 2025.? 4 top...

    12 hours ago
  • 今が狙い目の割安アルトコイン特集|注目すべき銘柄をチェック!

    ...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.