🤔📈 3 reasons why Lido $DAO price jumped 40% in a week — outperforming $BTC and $ETH 📍Ethereum depositors' return afte…

🤔📈 3 reasons why Lido $DAO price jumped 40% in a week — outperforming $BTC and $ETH

📍Ethereum depositors' return after Shapella
The LDO price recovery coincides with the net positive inflows into Ethereum's proof-of-stake (PoS) contract in recent days.

📍Lido V2 mainnet launch
It should be noted that Lido DAO did not support full $ETH withdrawals. Instead, it issued staked Ethereum (stETH), theoretically pegged to $ETH by 1:1, to users that could be exchanged freely for other crypto assets across exchanges.

📍LDO price rising wedge bounce
From a technical standpoint, LDO's 40% bounce started near the lower trendline of a prevailing falling wedge setup. Traditional analysts see a falling wedge as a bullish reversal pattern.

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