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Ethereum’s Rally Causes Lido DAO To Rise By 12%

Ethereum’s recent rally caused the price of the LDO token to surge by 12%.
Ethereum
Dot
April 7, 2025
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

in
TABLE OF CONTENTS

Lido Finance, one of the biggest staking platforms for Ethereum, was impacted by Ethereum’s recent rally, causing the price of Lido DAO (LDO) to surge by 12%.

Since yesterday, Ethereum has witnessed an increase in its pricing.

Santiment noted the initial spike in Ethereum’s prices could be attributed to a whale moving $22.2M worth of ETH tokens to an empty wallet. 

‍



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Ethereum has since continued its uptrend and has moved past the $1,500K mark for the first time since the Merge. As of writing, Ethereum is priced at $1,527, up by roughly 13% within the last 24 hours.

The correlation between Ethereum and Lido caused the latter’s price to increase by 12%. 

This is because most investors choose the LDO token due to its exposure to staked Ethereum. Similar to Ethereum, $LDO also broke past the 50-day average resistance. Currently, $LDO is priced at $1.69.

Ethereum
Market Analysis
Lido
DAO
Ethereum Merge
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Ethereum
October 26, 2022

Ethereum’s Rally Causes Lido DAO To Rise By 12%

HomeEthereum
Blog Post
Contents

Lido Finance, one of the biggest staking platforms for Ethereum, was impacted by Ethereum’s recent rally, causing the price of Lido DAO (LDO) to surge by 12%.

Since yesterday, Ethereum has witnessed an increase in its pricing.

Santiment noted the initial spike in Ethereum’s prices could be attributed to a whale moving $22.2M worth of ETH tokens to an empty wallet. 

‍



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Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

Ethereum has since continued its uptrend and has moved past the $1,500K mark for the first time since the Merge. As of writing, Ethereum is priced at $1,527, up by roughly 13% within the last 24 hours.

The correlation between Ethereum and Lido caused the latter’s price to increase by 12%. 

This is because most investors choose the LDO token due to its exposure to staked Ethereum. Similar to Ethereum, $LDO also broke past the 50-day average resistance. Currently, $LDO is priced at $1.69.

Ethereum
Market Analysis
Lido
DAO
Ethereum Merge
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

in

Lido Finance, one of the biggest staking platforms for Ethereum, was impacted by Ethereum’s recent rally, causing the price of Lido DAO (LDO) to surge by 12%.

Since yesterday, Ethereum has witnessed an increase in its pricing.

Santiment noted the initial spike in Ethereum’s prices could be attributed to a whale moving $22.2M worth of ETH tokens to an empty wallet. 

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

Ethereum has since continued its uptrend and has moved past the $1,500K mark for the first time since the Merge. As of writing, Ethereum is priced at $1,527, up by roughly 13% within the last 24 hours.

The correlation between Ethereum and Lido caused the latter’s price to increase by 12%. 

This is because most investors choose the LDO token due to its exposure to staked Ethereum. Similar to Ethereum, $LDO also broke past the 50-day average resistance. Currently, $LDO is priced at $1.69.

Written by
Ayush Pande
Ethereum
Market Analysis
Lido
DAO
Ethereum Merge

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Bitcompare is a trading name of Blue Venture Studios Pte Ltd, 68 Circular Road, #02-01, 049422, Singapore.

Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. The business opportunities that can be found on this site are offered by companies with which Bitcompare has made deals. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Bitcompare does not look at or list all companies or products on the market.
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Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The opinions expressed here are the author’s alone. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it.

Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.