The amount of locked ether just reached 19,375,242 ETH, which meant a new record for the cryptocurrency. The total value locked (TVL) is currently $ 27.7 billion.
This milestone comes after what can be considered as a “dip for ants” after the recent withdrawal. This performance has essential consequences for Ethereum and its investors, especially with regard to the possibility for the cryptocurrency to continue its rapid expansion.
The ether that is locked up can be subdivided into different categories, including Ether deployed on the Beacon chain, Ether that has been transferred to the Beacon contract but does not yet validate, and Ether that has been rewarded on the Beacon. chain.
These categories together indicate the amount of ETH that is ‘out of circulation’, which reduces the total amount of ETH that is accessible, which may increase both demand and the price.
As more investors place their Ethereum (ETH) on the Beacon chain, this shows their confidence in Ethereum’s ability to survive in the long term and in its expansion potential. This trend could help Ethereum to establish itself as the dominant platform for smart contracts and cryptocurrencies.
From a broader perspective of the Ethereum ecosystem, recent recordings seem relatively small steps. Despite some very insignificant shifts, the amount of locked ETH has continued to increase, which indicates that the general health of the cryptocurrency is still in good condition. Analyzing market fluctuations should be a useful memory of the importance of a long -term vision for investors.
The total amount of locked ETH will continue to increase as Ethereum 2.0 is further developed and the shift to a proof-of-stake (POS) paradigm becomes firmer.
Ethereum prize today
Ethereum is confronted with a lot of resistance at $ 1,900 levels, since it actively recorded a loss of almost 15 within 24 hours. At the time of writing, the cryptocurrency acts for $ 1.847 and 0.17% has risen in price according to data from Coinmarketcap, with the trade volume rising by 2.85%.
The volatility levels of Ethereum rise as the Bollinger band strategy, which is used to estimate the volatility levels, far from each other. The RSI is now moving below its average line and signals a bearish trend now that he is approaching the Oversold area.
