Long‑term investors are confident in ETH's rise
The chart shows that while the price is falling, the amount of staked #ETH continues to increase. ETH price has retreated from around $3,400 to the $1,650 region, while total staked ETH has risen from about 36 million ETH to over 39.7 million ETH. This indicates that a significant investor group prefers locking up ETH rather than selling.
The fastest price moves are always seen on #Binance, because whale and institutional flows materialize there. That's why I always follow the price chart on this exchange.
As a result, there is tightening on the long‑term supply side. Although this data alone does not guarantee a rise, it structurally supports the price.
Staking entries have been stable recently with no major staking inflows or outflows. If investors seriously expected the decline to continue, a drop in the staking ratio would have been observed. This makes one wonder if the $1,500 level was the bottom.
The staking ratio is near historical peaks, at 32.5%. In other words, about one‑third of circulating ETH is locked. Sellable supply is gradually decreasing. This supply‑side constriction usually prepares for a sharper move when prices recover. However, the price is still in a weak trend.
Despite positive on‑chain data, low peaks and low troughs continue on the price side. Therefore the chart does not currently indicate a definitive bottom. The market remains under seller control in the short term.
A data mismatch has occurred: staked ETH keeps rising while the price keeps falling. Such divergences do not last forever. Either the price aligns with on‑chain accumulation and rebounds upward, or macro pressure continues and staking growth slows, keeping the price under pressure for a while.
I think the price is close to finding a bottom. Because, even though the short‑term price trend is still downward, long‑term investor behavior does not support the decline. The continuous increase in total staked ETH shows that sell pressure on‑chain has not strengthened. Thus, even if the rally does not start immediately, the price appears ready for an upswing because it has built strong long‑term accumulation while falling. Evaluating only this data, the likelihood of forming a bottom and then recovering in the coming weeks looks slightly stronger than the chance of accelerating sales.
⚠️ #reklam is not advertising or investment advice. The analysis is my personal view and does not guarantee certainty.
