Bitcoin Forum

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

Ethereum price will not depend on DeFi success rather it can be seen with open eyes that ethereum is bullish bith fundamentally and technically, the other day i was reading an analysis that ethereum can peak to 10k in next bull run whereas 5 to 6k peak predictions are common but to be honest i see eth to atleast reach 3to4k as next peak considering that last peak was at 1.4k 3 to 4k is very rational.

DeFi being very popular right now could be the driving force for next eth bull run but still i will put more weight into eth 2.0 and all the upgrades coming to eth network and also pos will have big impact as it will be attractive for big investors.

I have interest in DeFi projects and it's already creating huge hype in crypto space of lately but be warned, this might just be another crypto ICO bubble all over again, i prefer focusing on Eth 2.0 for now than DeFi projects

Unlikely will happen in the near future because without a bull run triggered by a combination of hype, good economy, and good news in the development, there will be no "mooning." Let's say the DeFi will trigger hype, but people currently still in bad shape because of Covid, therefore they won't buy speculative assets.

Synthetic network is another DeFi project that is flying right now, it traded very cheap under 10 cents for well over a year during 2018-19 but now with quality products it has become unstoppable and currently it is trading over 2.20 per snx which also shows how the trend is helping these projects but I also think that these tokens can see huge correction in coming months. I am just waiting for Eth to wake up, I am sure this time around Eth will make it big and many eth millionaires will be created.

DeFi is pure hype, it's just a rebranding of existing smart contract projects under a new name, there's nothing revolutionary because many of them are old, and also now very useful on practice. So, DeFi isn't going to replace traditional finance, because it can't do everything that traditional finance can.

Ethereum only reached it's historical ATH thanks to Bitcoin, it can't repeat it without Bitcoin having a crazy bull run again, because that's how hard the USD price is tied right now. And even if Bitcoin will go to the moon, there's no guarantee that ETH and other alts will follow, so far they got only partial gains from Bitcoin's rally.

DeFi is one of the talk of the town today.  It may be one of the best name changing of a project done by ETH developers but it is still the same old smart contract as the earlier reply stated.  It may bring more adoption to ETH due to the hype and interest gathered by the development but I do not think that it will bring ETH to reach the old 4 digit value, ETH developers need more development and work to do before it reaches its ATH again.

I think Defi ( decentralized fiance ) will drive the price of ethereum to a new ATH as we saw last time with loads of ICO driving the price of ETH to its ATH. I hope this new love called Defi won't be another package ponzi, as this may be hijacked bu some bad actors.

Some speculate that DEFI could be the new ICOs in the space and we have a great support from exchanges, I am more worried with the influence of exchanges with this. I dont think Ethereum price will mainly drive on the DEFI factor, If Ethereum is not planning to come early into DEFI, it could give late reaction with startup in the space. I see etheruem still leading the altseason in coming weeks but cant predict how

So many times I have seen a lot of analysts create a non sense prediction about the next bullrun that they didn't know about when that will happen too. Dude, we can assume if ethereum will be going even higher when it can reach its old ATH

You can't really compare investors mentality back in 2017, there are a lot of irrational buyers, jumping on the bandwagon and believing that crypto, including ETH will go on parabolic rise, reaching 4 digits and more. However, it is not the case though.

Regarding if we are going to hit it again because of DeFi projects, it could be, no one really knows, as long as there are hype then people are going to buy it. Maybe we should wait for cyrpto's next bull run to see how it is going to be. I personally believed that ETH can reach 4 digits again, similar to Bitcoin reaching another all time high in the future.

I agree about the mindset of investors back then and the current ones. Most of them now understand about investing in cryptocurrencies. They are now smarter and educated about the risks involved and are not falling with cheap marketing strategies. This is the reason why ICOs/IEOs are not selling like hotcakes anymore. But if you talk about the capability of eth, I also believe on this platform. So yes, everything is possible but we need to start at a lower range.

Defi seems to be the new strategy used by new projects but i don't see any reason why Defi will be the only reason why Ethereum will reach 4 digit value which it once reached during its last ATH. Besides, i also believe Defi may also affect the price of Ethereum negatively except if the Defi will be given in another altcoin (Stable coin) cause there is a chance of having excess supply than demand.

Could be another one but with the effect it being shown to public, hype or not, would you not care to see the market cap growing but this time its not about a silly ICO hype but a real working product using eth network fueling its services on the go. I am not a doe hard fan of defi but I see up closw how these work and I can tell that many are interested and some are really enjoying it. How about bitcoin? Is there anything we can used of aside from peer to peer? Defi has a lot of variety you can simply urge people not to trust something they enjoy off.

There will always be a useful defi while at the same time we can sure if there was a defi that will be dead caused by it has no usefulness to the investors. It's like a bubble but we must know that it's not all of business or platforms can run at the same time because the demand must be divided on which what they have called it as trusted defi

You are wrong, people are buying, that's why DeFi projects are mooning leaving out the other coins, investors are more into DeFi projects than anything else right now, the projects don't need bullrun, they are mooning on their own

I have nothing against Ethereum but base on your question if Ethereum was able to leave again with its current 3 figure value, my answer is I don't think so, I believe that Eth price grows further but it will not leave the 3 figure level. those Jan 2018 figure was very difficult to achieve especially in our present situation that the global economy was hit badly due to the COVID19 pandemic.

I can't say if DeFi can get the 1000$ job done for ethereum but DeFi projects are doing so well right now that you don't need any Bitcoin bullrun for skyrocketing to happen, this is not just about Hypes, decentralized Finance just works better and people noticed it's potential

Same thought! I particularly prefer to use ETH in the market and I'm amazed by the movements of the ETH projects. However, look at the reality, even the upcoming event of ETH (ETH 2.0) and the developments of DeFi can barely help ETH to reach 4 figure value. Anyway, I still choose to invest in ETH since it has the potential to pump in the upcoming months.

IMO for ETH to go to a 4 digit value it will need a lot of help from bitcoin. Without the price moment on bitcoin ie btc going 15000+ I don't think 4 figure will be possible even with 2.0 coming but for 2.0 I have set my target as 400

DeFi can only make ethereum more popular, I don't think it's capable to drive ethereum up to a thousand dollar, I'm much more interested in ethereum 2.0 and it's staking feature than DeFi right now but we will see what happens later

I think this DeFi project still needs enthusiasts for the moment, because seen from many investors who choose etherium for investment now. and more we need to observe even better than the development of each DeFi project.

eth value is 228.42 as of now  , i checked it  . its 5 digit already lol  joke but seriously its only 3 digit because people only write or  see the first column  .  did eth already reached 4 digits before   ?  on what year / month did that happen    .

 what i only remeber is ath were over 200 usd before but i dont see it pass 4 digits  .  maybe this time i can witness that happen   , thanks to this defi if this is the reason why eth gets more demand righ now   .

No I don't think so, I believe that 1000$ per ethereum will only be possible if Bitcoin start skyrocketing, this is not something that DeFi projects that make possible, DeFi projects might bring in many new investors though, that's one reason why I'm excited about DeFi projects

Defi and Ethereum? I believe this will happen if the Defi project is being based on Ethereum blockchain, but what if it isn't? Or rather what if not all Defi projects utilizes Ethereum blockchain but other blockchains too? That means much won't be gotten. What I think is, Defi hype will of course help Ethereum or whichever blockchain but that doesn't mean the hype associated with Defi will cause the massive growth we are thinking will happen to Ethereum because there are other factors to put in place as well, such as the relevance of Bitcoin.

You compare 2 things: DEFI and the ETH course.
It is not right. I have seen reviews of various projects with high transaction speeds, but high speed is achieved due to the centralization of the system. Nodes - verifiers are located in data centers and belong to the developers.

ETH offers us a completely new technology.
If phase 2 starts, we will see rapid growth in the course and the entire ecosystem.

DeFi concept is new in crypto space so we will have to wait for its results but it's my estimate that there are higher chances of its success because in crypto mostly people like decentralization which is absolutely a positive sign for DeFi projects but I also think that If DeFi concept got successful so it won't enough to reach the price of ETH in four figures.

It will sound more reasonable if DeFi projects rely on ethereum price to keep up, ETH will never depends on DeFi success to become successful itself, I know DeFi projects are pumping on their own but only Bitcoin can make altcoins surge, as big as ethereum is it still depends on Bitcoin

If all you are expecting is DeFi to make Ethereum reach 1000$ you are only dreaming, only Bitcoin can get this done, all you should hope for is more crypto adoption, I heard more whales are accumulating bitcoin, maybe this will bring another huge bullrun for bitcoin in near future

DeFi can actually do few things to crypto space

1. DeFi can bring more people and more money into crypto that's why some are comparing DeFi hype to ICO of 2017

2. DeFi popularity can make many whales go for Ethereum, if this happens why won't ethereum benefits itself? I can't say about the 1000$ prediction but value won't be the same

I don't think how Defi could help the situation and can help to uplift ETH price. The market still relying upon Bitcoin's market demand and that Defi will obviously have nothing to give but just a name and popularization. We need market support, not the DeFi itself.

https://medium.com/@philippsandner/decentralized-finance-defi-what-do-you-need-to-know-9cd5e8c2a48

This could just a hyping tool for crypto and that it drags people to come and invest crypto for thinking big returns on it but that simply it never works like that. If we saw the inclining market sentiment for ETH, it doesn't mean that DeFi had made but because people are investing now.

Hyping tool? I hope you are right, I advice you should look into it yourself, decentralized Finance isn't bad and it's not new like many said but investors are just trying to realize it's true potential, do your own research on this one

the slightest possibility and the slightest development carried out in our market must support it. no need to expect too much. ethereum conditions until now have been good enough to survive even though price improvements did not occur so well. compared to bitcoin I think recovery done by bitcoin is better. and some altcoin also ethereum still doesn't move.

There is some poll on Twitter with the same question, and there were 4 options. I voted for option "It will help" and when I saw results after there was 50% for "It will help" and 50% for "I have no idea". It's reality, many people don't even know what DeFi is, and it needs a lot more years for people to learn about decentralized finance.
This topic is the same as this poll on Twitter, half-half, some knows about it and think it's the future economy, other half doesn't have an idea what DeFi really is.

It's all on Bitcoin if ethereum will ever hit 1000$ again, this is not something that DeFi projects can do no matter how big they grow, unless a DeFi project beats Bitcoin with highest marketcap which is impossible presently

I remember how Vitalik said that he sold his ETH coins, and then the market rate began to grow :)

https://twitter.com/VitalikButerin/status/1278337657194655744
If you can make money fast, then why invent something?

Vitalik thinks differently.

DeFi has something to give and contributed in crypto growth but we can't rely on it that it pushes ETH to its 4digit, nothing to see that.
We are looking for ETH2.0 to launch within this year as this probably could trigger for its market incline.
https://www.cryptocointrade.com/fundamental-analysis/ethereum-2-0-roadmap-price-predictions/

I don't say we are too hopeless to think about DeFi and how it works but the thing is that people are investing crypto for they saw that ETH has the potential, not the Decentralize Finance attracted to them. Because even though we don't have this, investors will keep investing ETH.

It can't be a good indicator to determine how far ethereum will go with the DeFi that built on ethereum platform, we must understand about how much the active address from those new address. There will always be a chance for some address to be used as temporary address only.

 Although DeFi is full of hype but i will agree with you that it might contribute to Eth price increase . A lot of people have invested in Defi projects and most if not all of them are Eth based . Eth gas fee is currently very high  may be due to Ethereum blockchain congestion . I hope Eth moon more at least back to its ATH.

I think the rise in ethereum prices when there is a DeFi project will only be like FOMO because real ethereum will only be affected by its new project called ethereum 2.0 and accordingly, so if you can see this momentum then you can buy as much ethereum as you can and get profit from ethereum as much as possible.

As the current ‘bull’ run is concerned, it looks like one that can be attributed to the decentralized financing (DeFi). The price hitting four figures doesn’t have to depend on Defi. It’s all about more use - cases. If more projects with great and laudable potentials keep popping up, there will be a lot more demand for Eth. Thus. booming up of price. At this rate of DeFi, we will certainly see Etherium progressing more.

As long as DeFi behaves like a total pump-and-dump scheme it will be difficult to spot the right projects, which eventually have a positive impact on ETH as well. Check out that BS about DeFi projects, https://cryptoslate.com/second-yearn-finance-yfi-copycat-enters-death-spiral-plunges-99-in-two-days/  It won´t be the last....

That's true! The price of ETH is increasing right now and it doesn't necessarily depend on DeFi hype! The price pumps of ETH right now all depends on itself. The upcoming event of launching ETH 2.0 has brought a lot of attraction and reputation. Almost everyone is talking about this event and they are buying ETH to hold. Obviously, the demand of people to buy ETH is increasing dramatically and I believe that it completely has the ability to reach 4 figure value next year!

If DeFi projects keeps their success alive and more new DeFi projects become successful too then Ethereum will surely reach it's old ATH, investors only need to be careful with new DeFi projects from scammers, make sure the project is real

DeFi projects are doing well lately and another thing to look up for is the staking feature that will be implemented into the next ethereum 2.0 upgrade, that will help eth price in future too, it's really possible that DeFi will push ethereum to 4 figures no doubt

DeFi is one thing that aims to influence those who hear or see it in the scope of crypto by being able to pump the value of bitcoin. but, believe this trend will not last as long as what happened at the end of 2017.

Fair price of Ethereum (based on the usage and acceptability) is around $300 per coin (which is very close to the current levels). The exchange rates for Ethereum may go up much higher than this level, as a result of speculation. But even if that happens (such as the 2017 spike, which resulted from the ICO hype), I don't think that Ethereum will be able to maintain those high prices.

I do hope that would happened in the future but dont let your guard down. What happened last time on ICO hypes is really a mess and we are not sure if defi ecosystem would be stabilized their demand on the eth network. With new eth goals as transferring to PoS maybe we could see another set up here. I do wish that eth price would increase based on this reason and not only due to defi hypes.

Its not impossible, this year so far DeFi projects have added over 8 billion dollars into crypto market, this is a new wave of something new and comparable to ICO success, I feel things are just getting started and with time ethereum will be where it's supposed to be since 2017

Agreed. Not impossible but I am sticking with my feelings that Defi is a big bubble and they will go really big but it cannot be sustainable so it will go very high but I am not sure all the way to 1000, and if it does,,, you bet we will see a massive sell off and profit taking.

What goes up must come down, isn't it? DeFi will surely leave a big foot print in crypto space just like ICO did but this type of opportunity comes once in a while, it's been 3-4 years that we've seen good market price in crypto space last, DeFi may not stay around for long but bringing changes is what matters

A big possibilities as it is, DeFi is bringing new money to this market and so far we are
seeing the effects of this project to ETH value.
Currently it's a good pumped @ $392 still  gaining supports and if this continuously move
upwards it's interesting.
It's been quite long after ETH rise and the chance that it will go higher is really anticipated
by many investors.
Reaching 4figure might be an interesting catch to those who invested their money especially
those who invest with DeFi projects.

Please stop comparing DeFi with ICO, DeFi isn't a crowdfunding strategy like ICO or IEO, DeFi is a working utility that sees new demands from investors, I expect DeFi to be successful for a very long time to come just because of its utility

On the one hand, the popularity of DEFI projects will push the price up, and on the other hand, many experts say that the rise in the price of ether is due to speculation.

https://trends.google.com/trends/explore?q=Ethereum%202.0&geo=US
The number of requests "Ethereum 2.0" is now breaking records in Google

Tron and EOS are the main competitors, TON is closed. In the coming year, there should be a lot of positive news about ETH and this should contribute to the price growth.

Even though that Ethereum is on a bullish move, I wouldn’t count on DeFi in being the big reason of ETH gaining back it’s 4-figure value. I know that there are some who have moved their BTC to ETH due to the rise of DeFi. I also know that DeFi is the nex big thing in the cryptocurrency and blockchain space.

However, the market condition is so unpredictable. There would be various circumstances later on after the bullish move. Remember Ethereum smart contract scams like Forsage, Voomo.io, MMM, OpenAlexa.io, etc.? It encourages people to buy Ethereum to lock positions in the matrix. It may contribute to the rise of ETH’s price, but may also led to a possible downfall when scammers are going to dump it if the right opportunity comes. At the same time, gas fees are ridiculously high as well.

I would love seeing Ethereum back to 4-figures, but it would take a long while for it to happen and I may not count it on DeFi as the main reason (same thing with smart contract scams). Just my two sats.

I think over 500$ is the reasonable price for ETH in this year. To reach a price above $ 1,000 as early as 2018 is very difficult now that there is no trend to increase the price of ETH like ICOs at that time. DeFi is just a recent emerging trend, but I feel like it has not attracted new inflow to enter the market yet.

I would say that DeFi is having only a small role in the current spike in exchange rates of Ethereum. First of all, the prices of all the altcoins (including that of Ethereum) closely depends on the price of Bitcoin. BTC prices have increased by 20%-25% during the past few days and this is the primary reason why the exchange rates of the other coins went up.

You are wrong, what about ETH 2.0 that will introduce staking ? This year staking coins are surging in value, Ethereum has more than one chance to reach four figures before the year runs out unless the ETH 2.0 failed to get launched this year

It seems that defi have a positive impact not only on Ethereum but also on the entire crypto market, the capitalization of defi projects is already more than 4 billion, if this goes on, I think ETH will raise ATH.

This is the reason why with or without DeFi hype, Eth will have good price movement in the market. They may not reach the 4-figure fast, but I think they are heading that way. It is really interesting what will happen after eth 2.0, what price will they achieve. And how successful are they going to be for this eth 2.0?

Yes I think DeFi is going to help bring ethereum to 4 and even 5 figures.

it is great to see a complete newbie to predict ETH on five digits, without even noticing that Ethereum cannot reach five figures, since that is a network, and ETH (Ether) is a native token, that has value because it is used on Ethereum network
you should learn before and then think about prices

That is a very high expectation from eth i must say, eth maybe a good project but i don't think enough to hit five digit at the moment, probably in the future, at least if eth can be able to reach four digit again that would be a great achievement, even though defi seem like the happening tren now and a good reason why eth price can boost up, five digits is way too high but this is crypto you never know what will happen in the future.

The recent rise in the usage or popularity of ethereum is not caused  by the growing interest for DeFi,rather it is because of the  eth 2.0 deployment which will happen this month, DeFi is just over rated nothing special about it,and without a doubt ethereum will definitely leave its three(3) figures to become a four(4) figures coin, I predict the price of ETH will go up to $1500-$2k after the eth 2.0 launch is done :).

With DeFi and ETH 2.0 on the way it's possible that Ethereum will reach 1000$+ before the year ends, also Bitcoin is very bullish lately so I'm sure this year will run smoothly and surging for crypto space entirely

Eth have the potential to reach 4 digits with or without defi project,  eth already prove that previous time even without the popularity of defi project, I believe with time eth will achieve that price again.

So many factors contributing to growth in ETH price, not only DEFI. Many people hope that ETH 2.0 will bring forth the long awaited revamped scalability solution, this is also an influencing factor. Also, like OP mentioned, many projects using ETH blockchain to launch DEFI platforms/tokens keep increasing rapidly, and some dope projects with solid team are in this category. I think ETH attaining 4 figures is possible, but who knows when.

Nothing knows for sure but I was possitive how this DEFI will be helping in the side of ETH. We saw a huge pump of ETH is probably because investors are anticipating the launch of ETH 2.0 wikch hase been scheduled this year. Yep, we all keep waiting for that as we know that it gives a huge impact to the market and people do such buying moment for they were sure that they can make money from it once done.

Mr. Vitalik has a wider vision with this project and he did the best thing in order to keep it rallying in the market alongside with bitcoin.

In the long run, this will likely happen and the hype and buzz surrounding Ethereum DEFIs should help sure up the price exponentially until it attains stability. With Ethereum DEFIs the world is finally coming to terms with blockchain and that is surely going to witness a massive influx of new I vestors thus, leading to better price growth and appreciation. This is already happening!

Without a big push from the traders and that will never happen. I think that everyone aware of the defi only will not post the thereum price into such level. Im also feeling doubt if with the update of ethereum 2.0 can also bring the same thing as happened when ico bubbles have come before.

I think all of this defi thing is a huge bubble and this hype will eventually end like all the other bubbles, at that moment you guys will be the ones that are upset about it. I am telling you, defi is just simply decentralized finance and basically everything is a decentralized finance in this space so it Is not a big deal, you lock some up, you get some shares bla bla not a big deal at all, quite a boring situation in the end.

If you insist on putting your money into where defi is, you will be upset in the end. Hopefully it doesn't crash and burn fast enough that you can't reach it, hopefully it will slowly fade away in order to help people to get away quicker. I have seen plenty of bubbles in the crypto market and this one is just another one that people are falling for, nothing more.

ETH in 4 figure is achievable but not at the moment. The 2017 bill run still remains the best time for cripto. And at that time, ETH was at its highest to be trading at $890 ETH 

DeFi is surely one of the biggest factors this time around that will help eth to reach new highs and this is not speculation it is simple economic logic because as more and more Eth are locking in defi contracts the market will see scarcity of ethereum that will result in increase in value. Already over 4 billion worth of eth are locked and the rate at which it is growing it will be massive by the year end and so will be the value of Ethereum as well.

It is because ETH will updating in the near time, many addresses are back to active again.
They might transferred their coin to other secure wallet, and prepare for the ETH 2.0 on new wallet.
DeFi project is good, but it doesn't running only on Ethereum network, so i think it won't help eth price much.

defi exists not only on the ETH blockchain but also on other blockchains.
The Ethereum update has not happened yet and whether it will be successful is not  clear yet and therefore we must constantly monitor the development

I think is very possible and achievable too, DeFi and eth staking is more than enough to keep Ethereum on high pace for a very long time, this isn't going to be like ICO days, I expect something more genuine and better, I keep hoping for the best, do the same

Ethereum price doesn't depend on DeFi. Recent price pump is due to Ethereum Testnet 2.0 which is coming soon. I hope Ethereum will touch four figure $1000 soon if this trend will stay continue. If testnet 2.0 will success, surely Ethereum price go up more. The exact date can't be told.

I don't think Ethereum will easily hit 4 figures in value again, at least till the end of this year. It depends also on how bitcoin will rise next few months and next year. DeFi FOMO effects have not yet brought Ethereum back to 0.04 BTC for one ETH. The all time high of Ethereum above 0.15 BTC/ ETH will so difficult to be touched again. It means that if Ethereum won't reach it, Bitcoin need to reach too high value so less than 0.04 BTC can value in 4 figures. About $25000 for one bitcoin. ;D

Only Bitcoin has the answer to whatever will happen to every altcoins including DeFi projects too, put aside eth 2.0 POS feature, that's not powerful enough to drive eth price to 1000$

I don't think the current rally in ethereum price happens due to DeFi hype, it is happening after the long wait and also due to ethereum 2.0 so people are much interested in acquiring the ethereum over the ethereum blockchain based project.Maybe at the end of this year we could see the four digit value if the bitcoin current rally turns into bullish trend.

No doubt Defi regime is helping the growth of ETH as the coin market grows and people put in money more money for transactions some part goes into ETH. After BTC ETH I think is another gateway for money to get into crypto.

DeFi projects is helping Ethereum presently and I believe that things will get even better with the proof of staking that's near release soon, 1000$ is not impossible for ethereum but still Bitcoin needs to continue it's pump for this to happen

It's just a buzz word, and could be done in several blockchains. Eth2.0 how ever would do the trick. But Eth is now just too expensive to use and i see pretty pointless to operate any businesses in an open blockchain.

DeFi hype is simply giving ETH the needed exposure and has not singlehandedly be an instrumental to the rise in price. Rather it is contributing to network congestion and high transaction fees. The game changer at hand will be the coming network upgrade, eth 2.0. This I believe will compliment the massive exposure provided by DeFi.

Of course DeFi projects have an influence on the price increase of Ethereum, because DeFi projects that are popular nowadays
are mostly using the Ethereum blockchain network. So it will trigger an increase in the price of Ethereum, even the increase
in the price of Ethereum is beyond my estimation. Now that the Ethereum price is at $ 395, this is a very good achievement.
Although I agree that the Ethereum price increase is doesn't depend on DeFi projects only, there are several other things that
make up the Ethereum pump.

Ethereum growing popularity being attributed to Defi projects? I do not agree, whatever happened to the forthcoming Ethereum 2.0, isn't that enough to lead to more popularity? However, I do not think the price of Ethereum depends on DeFi projects because the Ethereum blockchain has been a solid blockchain for years. Also, with Bitcoin price growing as well, can that be attributed to Defi projects? I do not think so, thus confirming my stand that every coins price will grow once people finds it attractive. And lastly, not all Defi projects are based on Ethereum, some are based on different blockchain like Tron.

Etherium has always led the market as the top 2 coin.Etherium is rising in price due to updating their network system.I think if their 2.0 system is successful it will go $1000.Defy doesn't seem to have anything to do with it.Defy usually works for Tron Wallet.

Only hype helped the price to pump 410, confirm news could change the cryptocurrency again. History says, the Ethereum price deserves 800 USD before the end of this year. Another big pump we could see before March next year. But the future is always different, "Decentralized finance" could gain huge support.

I also agree, the eth increase is caused by this new testnet, and not caused by defi, we know that the coin with the biggest market cap project defi is on the ETH platform but I don't think it has any impact on the increase in ETH.

i believe in eth, because of defi projects lauched in 2019-2020, so i predict continiously growing for eth.

In practice, it is very easy to check why the price of a coin is growing. You can visit these services and see the cost of gas:
https://ethgasstation.info/index.php
https://etherscan.io/gastracker

If the price of gas is 50-100 gwei, then in defi projects are not very active.
When defi projects are active, the gas price is 400-700 gwei.
This suggests that the price is now rising due to demand for the asset or speculation.

Active projects and commissions.
https://cryptofees.info/

It is enough to visit 2 sites to understand what is happening in the Ethereum ecosystem

btw i just found interesting stablecoin dex - xsigma, credible business model and they are backed by a public company

For the record, ETH has already surpasses it's previous all time high. So obviously we are nw in the old 4 figure although some incoming dumps because people are taking their profits after a long time. And I would say that Defi might have help it to reach 4 figure again.

But the big question is the high transaction fee, currently, ETH gas fee is even higher than bitcoin. The next iteration of ETH should include solutions to the scale it otherwise investors might look for other coins to invest. For the majority of average traders and investors, high fee doesn't look too attractive to us. Just imagine transferring around $100-$200 worth of ETH and the fees is more than that.

I was seeing a lot of analysis and predictions that were pointing towards 5k USD and above because of this defi trend. But from what I have seen, Defi cannot determine the price of Ethereum. I expected more increase for ETH this year as Bitcoin was surging, Ethereum didn’t do that, and most of the predictions were totally wrong, it couldn’t even get pass it’s last ATH price, though some people have talking about ALTCOIN season, I don’t know if there is going to be anything like that, the Ethereum I know goes hand in hand with Bitcoin most of the times, just a slight difference between their charts.

There's a big possibility it will, DeFi plays a major factor in why Ethereum is one of the most talked about tokens in the community it's a concept that begets a lot of project,s and all of this because of DeFi, and the high transaction fee is also one of the reasons why Ethereum is getting a lot of users, it's on an all-time high in terms of transactions.

The last time in the DEFI sector there has been complete calm. Commissions have decreased, the leaders of decentralized trading are 1 inch, uniswap, SushiSwap, Ren Protocol, Balancer.
The rest of the pump is more like the work of market makers than the real demand for tokens of various projects.
Therefore, not all def tokens go up in price.

DEFI will have a positive impact on Ethereum anyway. Will help solve the problem with scaling, overload. Ethereum is a strong coin, very popular, and in a duet with DEFI its path to the top will be easier. Of course, both Defi and Ethereum have a number of shortcomings, but they are all solvable in the future.