🚨 ETHEREUM NEARS "OVERSOLD" ZONE AS STAKING HITS HISTORIC 30% MILESTONE 📉

As of February 12, 2026, Ethereum (ETH) is showing signs of a potential bottom despite being in a firm bear market. The price has retreated significantly, currently hovering around $1,988—a 60% drop from its August 2025 all-time high.

The Major Staking Milestone:

30% Supply Locked: For the first time ever, the amount of ETH staked has crossed 30% of the total supply. This means roughly 36.8 million ETH ($72 billion) is now locked to secure the network.

Massive Demand Queue: Over 4 million ETH tokens are currently in the queue waiting to be staked, while fewer than 25,000 are waiting to exit. This suggests strong long-term institutional and validator confidence despite the price decline 🛡️

Technical & Market Indicators:

Oversold RSI: The Relative Strength Index (RSI) is approaching the 30 mark, a level that has historically triggered price rebounds.

Bearish ETF Flow: Conversely, demand for spot ETH ETFs is weak, with monthly outflows reaching $224 million. This marks the fourth consecutive month of outflows, weighing heavily on price action 📉

Falling Open Interest: Futures open interest has plummeted to $23 billion from last year’s high of $70 billion, indicating a significant washout of speculative leverage.

The Outlook:

While the weekly chart remains bearish after crashing below the $2,112 support level, some analysts (including Tom Lee) see signs of a bottom forming. If a reversal occurs, the first psychological resistance level to watch is $2,500.$ETH