Ethereum Surpasses 35% Staking Milestone Amid Price Consolidation

Ethereum has reached a significant milestone in its staking history, with more than 43 million ETH committed to securing the proof-of-stake network.

This represents approximately 35% of the total Ethereum supply, which is currently available for trading.

The increasing staking participation has led to a decrease in exchange balances, making Ethereum more sensitive to changes in demand. However, despite this, the price of ETH remains trapped in consolidation, struggling to break out above the $2,400 level.

The divergence between supply and demand is striking, with buyers unable to capitalize on the increasingly constrained supply backdrop.