$ETH
Ethereum is about to enter the overbought zone, with staking volume reaching a historic high.
Ethereum ($ETH) continues to bear pressure, having dropped nearly 60% since hitting a peak of $4,950 in August 2025, entering a bear market. The current price is around $1,988, having declined for four consecutive weeks, with billions of dollars lost in market capitalization.
The demand for Ethereum ETFs is sluggish, coupled with a reduction in futures positions, suppressing the price trend. Data shows that just on Wednesday, $129 million flowed out of spot ETH ETFs, with a total outflow of $224 million in February. Futures positions have plummeted from over $70 billion last year to the current $23 billion, indicating weakened investor interest.
Meanwhile, the Ethereum staking ecosystem is rapidly expanding. For the first time, 30% of the total ETH supply (about 36.8 million ETH, valued at $72 billion) is locked in staking pools, protected by nearly 1 million validators ensuring network security. Currently, there are more than 4 million ETH waiting to be staked, while less than 25,000 are waiting to exit. This shows that the market remains confident in Ethereum's long-term prospects.
Technical indicators suggest that Ethereum may be approaching a bottom. An inverted head and shoulders pattern has emerged, which is a common bullish reversal signal. The Relative Strength Index (RSI) is close to the oversold region of 30, the last occurrence being in April 2025. Analysts expect that if support holds, the price could rebound to the psychological level of $2,500.
Market overview:
Selling price: $1,988
Market cap: Approximately $240 billion
Total staked ETH: 36.8 million (30%)
Validators: Approximately 1 million
Although under pressure in the short term, Ethereum's fundamentals remain strong, with staking growth and network security creating potential opportunities for investors.