Morpho price has bounced to near $2 as bulls eye more gains.
The Ethereum Foundation’s investment reinforces Morpho’s position as a leader in DeFi.
Rising whale activity and positive technical signals suggest a favorable environment for MORPHO to challenge the $2 resistance level in the near term.
Morpho (MORPHO), a leading decentralized finance (DeFi) protocol, sees its native token’s price hover near $2 amid a likely breakout after a strategic move by the Ethereum Foundation.
Notably, the Ethereum Foundation has taken a key step in signalling its commitment to open-source and permissionless innovation with backing for DeFi on Morpho.
What does this mean for MORPHO’s price?
Ethereum Foundation deposits 2,400 ETH into Morpho vaults
The Ethereum Foundation has deposited 2,400 Ether (ETH) into Morpho vaults. As announced on Wednesday, Oct. 15, the EF also noted a $6 million deposit in stablecoins into Morpho’s yield-bearing vaults.
This move strengthens the Ethereum Foundation’s active participation in the DeFi landscape, with Morpho’s commitment to Free/Libre Open Source Software (FLOSS) principles key.
This deployment builds on prior investments in platforms like Spark, Aave, and Compound, pointing to broader support for liquidity and yield generation.
Recently, in an update that introduced Vault Summit by Morpho, the team noted:
“Vaults are the future of an open, transparent, and productive financial system – what stablecoins did for money, vaults will do for asset management.”
MORPHO price outlook: bull’s-eye breakout above $2
MORPHO is currently trading at $1.93, up about 3% as bulls target gains.
That’s after the uptick that followed the backing by the Ethereum Foundation.
While it has not ignited significant bullish sentiment, analysts suggest a potential breakout above the $2 psychological barrier is on the cards.
Morpho price chart by CoinMarketCap
Notably, the influx of capital and heightened visibility could bolster demand for Morpho’s unique lending architecture.
The governance model incentivizes user participation through the MORPHO token, and its price could target the all-time peak above $4.17 reached in January 2025.
Shrinking bearish pressure has already seen MORPHO price bounce by over 200% since its all-time low of $0.63 reached amid the bloodbath on October 11, 2025.
Should MORPHO sustain momentum and close above $2, targets near $2.85 could be the first marker of bullish strength. The $3 level will be in sight.
Despite the potential for an uptick, short-term volatility remains a risk, and the critical support level could be at $1.30 and then $1.
