Ethereum Price Holds Steady Amid DeFi Competition and Institutional Investment

The Ethereum price has remained steady at $1,980 as the DeFi market heats up. According to recent developments, several new DeFi altcoins are vying for attention, while XRP and SOL face resistance. Meanwhile, BlackRock's staked ETH ETF has pulled in a significant $212 million.

Standard Chartered has raised its forecast for Ethereum to $7,500, indicating a growing trend of institutional investment in the cryptocurrency. Daily transactions have reached 2.8 million, while active addresses stand at 1 million, showing a divergence between demand and price.

Pepeto, a new presale, is gaining attention with over $8 million raised and a SolidProof audit. The project has been compared to Pepe, which rose from $0.002 to $7 billion under the guidance of its cofounder. With better infrastructure and tools, Pepeto offers investors a second chance at significant returns.