Lido Price Plunges as Sellers Gain Upper Hand Amid Rising Institutional Interest
Lido's price has declined by 8.59% on the day, trading at $0.3414.
The asset is currently below its key moving averages but remains above longer-term support.
Institutional participation in Ethereum staking via Lido is rising as more funds and treasuries seek yield and compliance.
This increasing engagement widens the protocol's utility and supports long-term demand for Lido's staking services.
However, LDO/USD faces strong seller momentum with a likely 2 to 3 day range of $0.3308 to $0.3497, with upside probability described as very low.