{"id":158460,"date":"2021-01-20T04:47:58","date_gmt":"2021-01-20T01:47:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/11-indicators-that-suggest-ethers-new-ath-is-just-the-beginning\/"},"modified":"2021-01-20T04:47:58","modified_gmt":"2021-01-20T01:47:58","slug":"11-indicators-that-suggest-ethers-new-ath-is-just-the-beginning","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/11-indicators-that-suggest-ethers-new-ath-is-just-the-beginning\/","title":{"rendered":"# 11 indicators that suggest Ether\u2019s new ATH is just the beginning"},"content":{"rendered":"

“# 11 indicators that suggest Ether\u2019s new ATH is just the beginning <\/strong>”<\/p>\n

With Ethereum inching its way into new all-time highs over the past 24 hours, a number of onlookers believe Ether could quickly surge through the $1,400 price range.<\/p>\n

Ethereum\u2019s robust fundamentals are strengthening the conviction that Ether might sail past resistance in the mid-$1,400s, with many pointing to Ethereum\u2019s ever-growing DeFi ecosystem as the force most-likely to propel ETH into price discovery.<\/p>\n

On Jan. 19, Spencer Noon of crypto VC fund Variant shared<\/a> 11 indicators he believes suggests that a parabolic bull-run is nigh. He pointed to the fact taht more than one million<\/a> unique addresses t have interacted with DeFi over the past eight months.<\/p>\n

Unique DeFi wallets: Dune Analytics<\/a><\/figcaption><\/figure>\n

Noon adds that monthly DEX volume is currently sitting at an all-time high of more than $30 billion<\/a>, while more than $20 billion has been deposited into DeFi lending protocols \u2014 of which more than $4.5 billion<\/a> has been issued as currently outstanding loans. <\/p>\n

Looking beyond DeFi, Noon also highlights that Ethereum is the top blockchain network by daily fees generated \u2014 beating out BTC by more than 50%<\/a>; the number of daily active Ether addresses has doubled in the past 12 months to reach all-time highs of 550,000<\/a>; and that nearly $20 billion<\/a> worth of stablecoins were minted on Ethereum over the past year.<\/p>\n

The thread notes that more than $25 billion<\/a> is currently locked in DeFi, adding that 21 decentralized finance protocols now represent at least $100 million in total value locked each.\u00a0<\/p>\n

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#1: Ethereum continues to dwarf the entire crypto space in terms of fees paid ($7.25m daily avg) — proving it’s the most useful network in the world. pic.twitter.com\/t7Co50GukJ<\/a><\/p>\n

\u2014 Spencer Noon (@spencernoon) January 19, 2021<\/a><\/p><\/blockquote>\n