As per AMBCrypto, Ethereum staking has reached a new milestone with 34.8 million ETH locked, representing approximately 28.15% of its circulating supply. This surge is attributed to growing investor confidence and institutional participation, fueled by anticipation of spot Ethereum ETFs that include staking. The U.S. SEC is expected to approve these ETFs soon, potentially enhancing Ethereum's appeal as a yield-generating asset. The price of ETH has risen over 8% in the past 24 hours, trading at $2,768, with bullish momentum suggesting a test of the $2,800 resistance. Analysts predict that if bulls maintain pressure, a breakout toward $2,900 could occur. However, traders are advised to monitor RSI levels for potential pullbacks. The content emphasizes the maturing Ethereum ecosystem and its increasing institutional interest.
Ethereum Staking Reaches 34.8M ETH Amid ETF Optimism
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.