Ethereum nears all-time highs again, outlook remains strong

Editor's Note: This article comes fromGolden Finance, reprinted by Odaily with authorization.

Golden FinancebitcoinGolden Finance

, reprinted by Odaily with authorization.

On January 19, the price of Ethereum was chasing a new all-time high, while

bitcoin

Prices continue to trade sideways.

Nikolas Panigirtzoglou, an analyst at JPMorgan Chase, believes that "unless Bitcoin can break through $40,000, it may lose its appeal in the short term. In the next few days or weeks, the inflow of funds from the Grayscale Bitcoin Trust may need to maintain a daily rate of 100 million." The speed of the US dollar, so that Bitcoin may break through 40,000 US dollars."

Vance Spencer, co-founder of Framework Ventures, believes that Ethereum has a very strong catalyst this year.

"1. Rollup is fully ready by the end of the first quarter, making the Ethereum network high-throughput and cheap. 2. The fee burning included in the Berlin fork, Ethereum is in a state of deflation, and it is likely to be in the third quarter to the second quarter It will appear in the fourth quarter. 3. The comprehensive strength of DeFi on the Ethereum network, and the upcoming V2/V3 protocol versions (UNI, SNX, YFI, Sushi, Curve) on the Ethereum network. In addition, Rollups (and its success) will Consolidate the ETH2.0 roadmap and shorten it to phase 1."

As of 10:00 today, the total lock-up volume of DeFi protocols on Ethereum is about 35.36 billion US dollars, an increase of 1.49% month-on-month. Currently, the top three protocols with locked positions are Maker with USD 4.203 billion, WBTC with USD 4.111 billion and Uniswap V2 with USD 3.403 billion.

As of 13:50 today, the current Ethereum 2.0 deposit contract address has received 2,600,200 ETH, accounting for 2.27% of the current supply of Ethereum, and the mortgage contract balance has increased by 36,192 ETH in the past 24 hours.

According to Messari statistics, the average daily settlement volume of the Ethereum network in the past month exceeded 12.3 billion US dollars, setting a new high in the past year. At the same time, the average daily settlement volume of the Bitcoin network in the past month is about 9.3 billion US dollars.