Posted 3/4/2024, 10:40:10 AM
Ethereum Soars to $3,500 Ahead of Major Network Upgrade, DeFi Resurgence Fuels Optimism
- Ethereum price reaches $3,500, a 3-month high, just days before upcoming Dencun upgrade
- Dencun upgrade on March 13 expected to make Ethereum transactions much faster and cheaper
- 91% of ETH currently held in wallets is now in profit
- Total value locked in DeFi protocols reaches $94 billion, the highest since May 2022 Terra crash
- Ethereum price up 64% and DeFi TVL up 57% over the past month, outpacing the 54% ETH price growth over the same period
