$ETH
Ethereum Nears Oversold Area as Staking Reaches Record High
Ethereum ($ETH) continues to face pressure, entering a bearish phase after plummeting nearly 60% from its peak of $4,950 in August 2025. The token is currently priced around $1,988, experiencing its fourth consecutive week of losses and erasing billions in market capitalization.
Low interest in Ethereum ETFs and decreasing futures demand are pressing down prices. On Wednesday, spot ETH ETFs experienced outflows of $129 million, raising the total for February to $224 million. Futures open interest has significantly decreased from more than $70 billion last year to $23 billion now, indicating a waning interest among investors.
At the same time, Ethereum's staking environment is thriving. For the first time, 30% of ETH’s overall supply—36.8 million ETH (~$72B)—is secured within staking pools, supported by almost 1 million validators. More than 4 million ETH are currently set for staking, with under 25,000 awaiting withdrawal. This increase underscores robust long-term trust in the network.
From a technical perspective, Ethereum could be close to a bottom. A bullish reversal signal has emerged as an inverted head-and-shoulders pattern, with the Relative Strength Index (RSI) approaching the oversold threshold of 30, which was last observed in April 2025. Analysts indicate a possible bounce back to the $2,500 psychological mark if support remains intact.
Market Overview:
Cost: $1,988
Market Capitalization: Approximately $240 Billion
Total ETH Staked: 36.8M (30%)
Validators: approximately 1 million
Even with short-term challenges, Ethereum's fundamentals are robust, bolstered by the growth of staking and network security, presenting potential prospects for investors looking for a low point.