Ethereum prices saw a significant downturn, shedding 4% over the past 24 hours and falling below $1,600. However, experts like analyst Ted Pillows remain optimistic about Ethereum’s price trajectory, anticipating it could rally above $2,000 soon. DeFi platforms are attracting attention as Ethereum holders seek to maximize returns amidst this market volatility. The analysis by CryptoRank.io reveals high-yield opportunities in the form of decentralized finance (DeFi) vaults where ETH is being used for yield-generating strategies. These platforms offer APYs exceeding 20% on various ETH assets, drawing in long-term holders seeking to capitalize on these opportunities.