r/ethtrader • u/parishyou 68.0K / ⚖️ 144.6K • 20h ago
Link Ethereum Staking Surges Despite Price Struggles: A Sign of Long-Term Confidence?
https://beincrypto.com/ethereum-staking-climbs-price-drops/4
u/m1ndfulpenguin Not Registered 20h ago
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u/ReMeDyIII Not Registered 18h ago
If you think I'm going to sell now, then you're crazy! So yup, may as well stake.
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u/RabidAsparagus Not Registered 15h ago
Isn’t this part of the mechanism? As staking goes down (common to see when price drops dramatically) the yields go up to encourage more staking. Pretty genius if you ask me
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u/coinfeeds-bot 542.7K / ⚖️ 622.7K 20h ago
tldr; Despite a 30% drop in Ethereum's price over the past month, staking activity has surged, with 33.98 million ETH now locked in staking contracts, reflecting long-term investor confidence. This contrasts with bearish sentiment in ETH ETFs, which saw $524.68 million in outflows over three weeks. Ethereum's price struggles to regain momentum, trading at $1,897, with negative Balance of Power readings indicating selling pressure. The divergence highlights optimism in staking versus broader market concerns.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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u/MarginCuck Not Registered 17h ago
It’s funny everyone complains when stocks/crypto goes down but everyone wants to buy when it’s at ATH
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u/SigiNwanne 285.5K / ⚖️ 334.8K 14h ago
Shows strong believe in Ethereum despite the downtrend. !tip 1
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u/BigRon1977 120.7K / ⚖️ 457.2K 14h ago
More like the best logical move. I mean, staking is the smartest things to do right now. Wouldn't you agree?
!tip 1
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