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

Ayush Pande
Written by:
Ayush Pande
Reviewed by:
Ayush Pande
Ethereum’s Rally Causes Lido DAO To Rise By 12%
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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.

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Ayush Pande
Written by:
Ayush Pande
Co-Founder & CEO

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.

About the Author

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.

About the Author
Ayush Pande
Reviewed by:
Ayush Pande
Writer

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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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
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Ethereum
October 26, 2022

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

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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.

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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