Ethereum Staking Reaches New Heights, Market Sentiment Shifts

  • Ethereum staking has increased to 28.9% in 2024, showing a rise in investor confidence and long-term commitment.

  • Bullish sentiment in Ethereum’s derivatives market is evident with a 24.79% volume increase and a 0.29% rise in open interest.

  • Despite recent price declines, technical indicators like RSI and MACD suggest a slowing of bearish momentum for Ethereum in 2024.

long-term confidence in Ethereum, especially with over 15% of staked ETH locked for more than three years.

🔍 Ethereum Update:

🔐28.9% of all $ETH is now staked, up from 23.8% in January
💎Over 15.3% of staked ETH has been staked for more than 3 years

A strong signal of long-term confidence in Ethereum’s future. pic.twitter.com/HjUj2v9N1P

— IntoTheBlock (@intotheblock) October 8, 2024

This trend reflects a shift in investor behavior. While short-term staking was more common in early 2021, investors are now increasingly choosing to lock up their ETH for longer periods.

Increase in Long-Term Staking Reflects Confidence

IntoTheBlock’s report highlights a shift toward longer-term staking. In early 2021, many investors chose short-term staking. However, since mid-2022, there has been a growing tr…

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