Ethereum Price Prediction as Lido ETH Staking Withdrawals Gets Green Light-What Happens Next?
- bhoomisinghal0
- May 17, 2023
- 1 min read
The Ethereum price has dipped by 0.5% in the past 24 hours, with its decline to $1,821 coming as the market as a whole falls by 1% today. ETH's price means it has lost 1% in a week and 13% in the past month, although it remains up by 52% since the beginning of the year. These movements come just as Lido has rolled out withdrawals on its Ethereum staking platform, enabling users to take out their locked ETH and potentially sell it. ETH's chart has very recently turned interesting, with its indicators reaching a point where a breakout rally is suggested. Similarly, the coin's relative strength index (purple) just surpassed 50 this morning.
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