Ethereum Staking Hits 35M ETH: Is a Major Price Explosion on the Horizon?
Ethereum (ETH) has experienced a notable pullback after a brief period of upward momentum earlier this month. The asset, which surged past the $2,800 level in mid-June, has since declined by 8.7% over the past week, now trading at around $2,498. This retreat follows broader market consolidation, as Ethereum struggles to maintain upward pressure despite strong on-chain activity. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Ethereum Staking and Accumulation Trends While ETH’s price action has turned negative, on-chain....
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Many major companies continue to lock in on Ethereum, the second-largest digital asset, despite the ongoing volatile action of the altcoin’s price. One of the methods currently adopted by these companies to grow their ETH portfolios is via Ethereum Staking, where they earn notable rewards. SharpLink Scores Another Major Ethereum Staking In the ever-evolving world […]
Ethereum has flipped slightly bullish again after facing bearish pressure for several days and is trading back above the $4,300 price level. Amid this price fluctuation, a recent report shows that ETH’s staking activity has grown exponentially, with a massive portion of the altcoin locked away in staking. A Massive Growth In Ethereum Staking While […]
Data shows the staking rate of the Ethereum Proof-of-stake contract (formerly called the ETH 2.0 upgrade) has surged up recently, a sign that could be positive for the crypto’s price. Ethereum 2.0 Staking Rate Surges Up As Inflows Spike As pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed […]
Ethereum (ETH) staking levels continue to break records, with the latest snapshot of the blockchain showing nearly 36.1 million ETH staked on the network – the highest level in history. Ethereum Staking Hits New ATH, Will Price Follow? According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, close to one-third of Ethereum’s circulating supply is now staked. This high proportion suggests that ETH may be on the verge of a structural supply shock. Related Reading: Ethereum Average Daily Outflow Hits 40,000 ETH Amid Rising Buying Pressure – Details The following....
Ethereum, the leading altcoin, is in the spotlight again, not because of its recent price action, but its staking activity. Currently, ETH staking activity is at its highest rate ever, with millions of supply being locked away in staking contracts. Rising Staking Trends Shrink Ethereum’s Supply In light of the ongoing waning market performance, a […]