- DeFi United recovers 100,000 ETH valued at $230M ($2,304.95/ETH, Binance).
- ETH rises 1.9% to $2,304.95 with $278.2B cap (CoinGecko, Oct 10).
- Fear & Greed Index hits 26 as BTC gains 2.5% to $78,203.
Ethereum price prediction improves. DeFi United recovers 100,000 ETH worth $230 million at $2,304.95 (Binance ETH/USDT spot, Oct 10, 2024, 12:00 UTC), up 1.9% per CoinGecko. BTC hits $78,203, up 2.5% with $1,566.3 billion market cap. Fear & Greed Index sits at 26 per Alternative.me.
ETH Spot Hits $2,304.95 on Binance ETH/USDT
Ethereum spot price reaches $2,304.95 (Binance ETH/USDT, Oct 10, 2024, 12:00 UTC). Circulating supply delivers $278.2 billion market cap per CoinGecko. Bitcoin leads at $78,203 (Binance BTC/USDT spot, same timestamp).
DeFi United's mainnet recovery signals protocol strength. Glassnode reports Ethereum active addresses up 12% week-over-week. Layer 2 TVL grows on Arbitrum ($2.8 billion) and Optimism ($1.2 billion) per DefiLlama.
ETH beats Solana at $84.08, up 1.1% with $48.5 billion cap (Binance SOL/USDT spot).
DeFi United Locks 100K ETH in Mainnet Pools
DeFi United pulls 100,000 ETH from idle wallets into Ethereum mainnet DeFi pools. Value: $230 million at $2,304.95 per ETH (Binance ETH/USDT spot). Uniswap V3 TVL rises to $5.1 billion on Ethereum (single-counted, DefiLlama).
Post-Merge proof-of-stake cuts ETH issuance to 0.5% annually per Ethereum Foundation. Yield aggregator DeFi United activates idle supply. Glassnode shows 15% 24-hour transaction surge.
DeFi United sticks to mainnet, no L2 bridging, for clean TVL impact.
ETH Targets $2,500 Resistance, $2,200 Support
ETH nears $2,500 resistance (Binance ETH/USDT perps, open interest $12.4 billion, Oct 10). Support holds at $2,200. All-time high: $4,878 (Nov 2021, CoinGecko).
BTC correlation: 0.92 (30-day, Binance). Fear & Greed at 26 (extreme fear) per Alternative.me eyes reversal on support hold.
- Asset: BTC · Price USD (Binance Spot, Oct 10, 12:00 UTC): 78,203 · 24h Change %: +2.5 · Market Cap (USD Bn, CoinGecko): 1,566.3
- Asset: ETH · Price USD (Binance Spot, Oct 10, 12:00 UTC): 2,304.95 · 24h Change %: +1.9 · Market Cap (USD Bn, CoinGecko): 278.2
- Asset: SOL · Price USD (Binance Spot, Oct 10, 12:00 UTC): 84.08 · 24h Change %: +1.1 · Market Cap (USD Bn, CoinGecko): 48.5
Recovery Fuels Bullish Momentum, TVL Climb
DeFi United bolsters ETH toward $2,500. Spot ETH ETFs (SEC-approved Jul 23, 2024) see $1.2 billion weekly inflows per public filings.
Ethereum TVL hits $52.4 billion (single-counted, DefiLlama). AI-powered DeFi agents utilize Chainlink oracles for yields. Base ($1.8 billion TVL) and zkSync draw retail.
Fed eyes September cuts (FOMC minutes, Jul 31). EU MiCA stablecoin rules start Oct 2024.
Binance ETH/USDT perps funding: +0.015% (8-hour, Oct 10), mild long bias.
Risks Below $2,200 Support
$2,200 break targets $1,800 if BTC dips under $75,000 (Binance BTC/USDT spot).
Fear & Greed at 26 flags liquidations per Alternative.me. September exploits drained $50 million across chains.
ETH perps: $450 million longs vs $320 million shorts (Binance, Oct 10).
Catalysts Ahead
Monitor post-ETF flows (SEC dockets). L2 fees drop: zkSync $0.15/tx, Optimism $0.28 (DefiLlama).
DeFi United lockup eases supply. AI boosts MEV in DeFi. Ethereum holds $278.2 billion cap amid recovery.
Frequently Asked Questions
What drives Ethereum price prediction toward $2,500?
DeFi United's 100,000 ETH recovery ($230M) and rising L2 TVL target $2,500 resistance (Binance ETH/USDT, Oct 10). Fear & Greed at 26 adds caution.
How does DeFi United affect Ethereum price prediction?
DeFi United locks 100,000 ETH in mainnet DeFi pools, boosting TVL (DefiLlama). ETH at $2,304.95 up 1.9% ($278.2B cap).
What does Fear & Greed Index at 26 indicate for ETH?
Score of 26 signals extreme fear (Alternative.me). ETH support at $2,304.95 holds with BTC at $78,203.
What are current ETH support and resistance levels?
Resistance: $2,500; support: $2,200 (Binance ETH/USDT spot/perps, Oct 10, 2024). TVL growth supports upside.