Latest pufETH (PUFETH) Price Analysis

TLDR pufETH rose 0.87% over the last 24h, extending a 22% weekly gain amid bullish DeFi integrations and technical momentum. Key drivers:

1. TAC Vault Incentives – 6.92% APR + $CARROT rewards via Telegram’s TAC chain drove demand (Puffer Finance).
2. Euler Finance Milestone – $120M TVL triggered extended farming incentives for pufETH holders.
3. Technical Strength – RSI-7 at 78 signals overbought conditions but confirms bullish momentum.

Deep Dive

1. TAC Vault Launch (Bullish Impact)

Overview: pufETH’s August 7 integration into TAC—a chain bridging Ethereum dApps to Telegram’s 1B+ users—enables 6.92% APR yields with $CARROT token incentives.

What this means: Demand surged as users bridged pufETH to TAC to farm rewards, reducing liquid supply. The Telegram ecosystem’s growth (1,800% user spike on TAC in July) amplifies adoption potential.

What to look out for: Sustained TVL growth in the TAC vault, now accessible via Puffer’s frontend.

2. Euler Finance TVL Boost (Bullish Impact)

Overview: pufETH deposits on Euler Finance hit $120M TVL on August 5, unlocking 4M $CARROT rewards over 60 days for borrowers and suppliers.

What this means: Incentives lock in staking demand, while Euler’s added $30K rEUL rewards for WETH suppliers create cross-protocol synergy.

3. Overheated Technicals (Mixed Impact)

Overview: The 7-day RSI of 78.19 flags overbought risk, but the MACD histogram (+18.89) and price above all key moving averages (e.g., SMA-30: $3,752) confirm uptrend strength.

What this means: While bullish momentum persists, a pullback toward the $4,122 Fibonacci support (23.6% retracement) could occur if profit-taking accelerates.

Conclusion

pufETH’s rally reflects strategic DeFi expansions and technical tailwinds, though overbought signals warrant caution. Key watch: Can the TAC vault’s APRs sustain deposit inflows despite rising leverage risks?