Ethereum (ETH): Staking Surge Propels Ethereum (ETH) Towards $3,000
Ethereum’s (ETH) price recently breached the $2,800 mark, supported by a surge in staking deposits on the Ethereum (ETH) 2.0 beacon chain smart contracts.
The positive market sentiment surrounding the anticipated approval of an Ethereum (ETH) ETF and the Dencun upgrade on the Sepolia testnet contribute to the bullish momentum. Staking deposits, crossing the 25% milestone, showcases increased confidence among investors and temporarily reduces available Ethereum (ETH) for trading, potentially propelling the price toward the $3,000 mark.