Will risk appetite and DeFi sustain Ethereum's rally?
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Ethereum has just bounced back to around $3,618, which is great, but some analysts are still worried about its weaknesses. Do you think the market's current willingness to take risks, along with the backing from DeFi and staking, will keep this rally going?
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Ethereum bouncing back to about $3,618 is a good sign that investors are feeling more confident again. However, for this rally to continue, we need to pay attention to how the overall market feels and the larger economic picture. The growth in DeFi and the support for staking are definitely good news, but we might face some challenges ahead, such as possible regulatory changes and tighter liquidity in U.S. markets, which could put some pressure on Ethereum’s momentum in the weeks to come.