Ethereum is witnessing a unique moment with record staking levels amidst relatively low prices. Over 30% of the ETH supply is locked, raising questions about the coin's future.
Ethereum Staking at Record Levels
Currently, around 30% of the ETH supply is staked, accompanied by a notable increase over the past few months. Over 35 million ETH is locked on the Beacon Chain, reaching an all-time high. Given the allowance for ETFs to include staking for passive income, the staking trend may continue.
Current Prices and Market Expectations
Despite the high level of network activity, the current price of ETH remains below $2500, making it seem undervalued. In June, ETH failed to reclaim the $3000 level, with an overall decline of 5%. However, Q2 is expected to see a 31.8% increase, reinforcing price recovery expectations.
Future Ethereum Upgrades
The Ethereum network is preparing for new upgrades expected to improve transaction speed and scalability. Despite its relatively high price compared to other networks, Ethereum remains a key platform for DeFi applications.
This situation with Ethereum highlights an interesting paradox of low price activity alongside high staking levels. Future updates and market dynamics may significantly influence ETH's outlook.
