Potential ETH investors have all the reasons to bet on stETH this financial quarter

ambcrypto.com:

Over the past month, Lido’s staked ETH managed to trade above Ethereum. This development could be attributed to the success of the Merge. It also led to investors having increased interest in stETH due to a sense of reduced risk and lower uncertainty around PoS future rewards.

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Here’s AMBCrypto’s Price Prediction for Lido Staked Ether  for 2022-2023.

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As can be witnessed from the image below, post-Merge stETH was observed to be outperforming Ethereum in terms of price. Despite both assets witnessing a price decline, the fact that stETH was trading above ETH raised a lot of eyebrows.

Source: Santiment

One of the reasons for this growth could be attributed to the influx of bulls that entered the market to support stETH. The addition of these bulls to the market could have had a positive impact on stETH.

Source: IntoTheBlock

Furthermore, another indicator for stETH’s growth could be seen from the growth in Curve’s stETH liquidity pool.  Curve, the second-largest DeFi exchange, has one of the largest liquidity for the ETH-stETH pair exchange. As can be seen from the image below, the liquidity grew tremendously post the Merge and continued to grow over time.

Source: IntoTheBlock

However, there were a few negative developments that were registered. The transaction volume witnessed a decline over the past month. Furthermore, along with the decreasing transaction volume, the average transaction size also witnessed a downfall in September.

Source: IntoTheBlock

According to IntoTheBlock, the number of active addresses also declined and depreciated by 56.18% in the last