ETHDAI +151.13% in 24 Hours Due to Strong Market Momentum

On SEP 11 2025, ETHDAI experienced a sharp surge of 151.13% within 24 hours, reaching $4424.83. The token has also gained 333.42% over the past seven days, 63.38% in the last month, and a staggering 3238.6% in the past year, signaling a dramatic and sustained upward trajectory. The performance reflects robust trading activity and significant investor interest, driven by renewed market confidence and technical indicators pointing to continued strength.

The surge in ETHDAI has been attributed to a confluence of on-chain signals and macro-level trends in the DeFi space. On-chain data reveals a marked increase in wallet activity and liquidity provision, particularly across platforms offering ETHDAI-based yield farming strategies. A growing number of traders are also leveraging ETHDAI as a stablecoin proxy in cross-chain arbitrage opportunities, amplifying demand. Additionally, recent upgrades to the Ethereum network have been cited as a potential catalyst, with faster transaction speeds and reduced gas fees making ETHDAI more attractive for daily use and speculative trading.

Technical analysis of ETHDAI’s price action over the past several weeks has shown a consistent pattern of higher highs and higher lows, reinforcing the bullish sentiment. Analysts have noted that the 200-period moving average is currently trending upwards, supporting the idea of a sustained uptrend. The Relative Strength Index (RSI) has also moved into overbought territory, indicating strong momentum but also raising questions about the sustainability of current price levels.

Backtest Hypothesis

A proposed trading strategy involves entering long positions on ETHDAI when the 50-period moving average crosses above the 200-period moving average, a signal commonly referred to as a "golden cross." The strategy would also include stop-loss orders at the 20-period moving average to manage downside risk. A trailing stop would be applied once the position enters a 10% profit territory, aiming to secure gains while allowing for continued upside movement. This approach is designed to capture the ongoing bullish trend while mitigating potential drawdowns during volatile periods.