Ethereum Staking Nears 30% as Exchange Supply Drops, Supporting Potential Price Rally Above $2,600
2025-07-13 06:34:37
Main Idea
Ethereum staking has reached record levels, with 29.5% of the total ETH supply staked, while exchange-held ETH has significantly decreased, contributing to a supply shock and bullish price momentum.
Key Points
1. Ethereum staking now encompasses 29.5% of the total ETH supply, up from less than 5% in early 2021.
2. Exchange-held Ethereum has declined by nearly 50%, from over 32 million ETH to under 17 million ETH, reducing liquid supply.
3. Ethereum recently surpassed the $2,600 resistance level, trading at approximately $2,775.54 with a 4.3% gain over 24 hours.
4. The ongoing reduction in available ETH for trading, driven by increased staking and lower exchange balances, is fueling Ethereum's bullish momentum.
5. The $2,880–$2,950 zone is expected to be a critical resistance level, with a decisive break potentially signaling further upside.
Description
Ethereum staking surges to 29.5%, drastically reducing exchange supply and propelling ETH past the $2,600 mark with strong momentum. The shrinking ETH float combined with heightened staking activity signals a
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