The Daily Breakdown takes a closer look at Curve and Ether.Fi, then turns to the charts to see where these cryptocurrencies have been.
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Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the 110+ cryptoassets offered by eToro. Today we’ll discuss CRV and ETHFI.
Curve (CRV): Currently trading near $0.25 with a market cap of roughly $368 million
Curve is a decentralized exchange launched in 2020 that specializes in efficient stablecoin and like-asset trading on Ethereum. Its automated market maker is optimized for low slippage and deep liquidity. The CRV token powers governance and liquidity incentives, with holders able to lock tokens as veCRV to gain voting power and boosted rewards. Governed by the Curve DAO, the protocol supports billions in stablecoin liquidity and operates through decentralized smart contracts rather than centralized control.
Ether.Fi (ETHFI): Currently trading near $0.48 with a market cap of roughly $354 million
Ether.fi is a decentralized, non-custodial liquid staking protocol for Ethereum that lets users stake ETH and receive eETH, a liquid staking token usable across DeFi. A key differentiator is validator self-custody, enabling stakers to retain control of their keys during validator operation. The protocol integrates with EigenLayer so users can restake eETH for additional rewards. ETHFI is the native governance token used to vote on upgrades and protocol parameters, not a revenue-sharing or equity instrument.
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The Setup — CRV & ETHFI
Down below we’re looking at two charts, with CRV on the left and ETHFI on the right. In these charts, we can see that both names (like many cryptocurrencies) have struggled. However, they are both sitting right near critical support.
For CRV, that support area is around 20 cents, while ETHFI is sitting at support near 40 cents. While the trend has been weak over the past few months and momentum has clearly been bearish, bulls are hoping these support levels will remain intact. If not, new lows are possible.
What Wall Street’s Watching
PANW
Shares of Palo Alto Networks are falling after reporting its second-quarter results, where the firm beat on earnings and revenue expectations. Looking to the third quarter and the full year, management guided to much stronger-than-expected revenue results, but provided a lower-than-expected earnings forecast. Dig into the fundamentals for PANW.
MRNA
Moderna is rallying this morning after the FDA reversed its decision and will now review the company’s seasonal influenza vaccine application. While MRNA has been volatile over the years, the stock has done well lately. Shares are up 47% so far this year and have rallied 76% over the past three months.
BCH
Bitcoin Cash continues to quietly show relative strength compared to most other assets within its space. While a selloff did hit BCH, it’s down just 6.5% so far this year vs. a 22.5% slide for Bitcoin. Further, BTC is trying to avoid its fifth straight weekly decline while BCH is going for its third straight weekly gain. Check out the chart for BCH.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.