$ETH
Ethereum is about to enter the oversold zone, with staking volume reaching a historical high.
Ethereum ($ETH) has continued to face pressure, having fallen nearly 60% since the peak of $4,950 reached in August 2025, entering a bear market. The current price is approximately $1,988, having declined for four consecutive weeks, resulting in a market capitalization loss of tens of billions of dollars.
The demand for Ethereum ETFs is sluggish, combined with a reduction in futures positions, suppressing the price trend. Data shows that on Wednesday alone, $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 a waning interest from investors.
Meanwhile, the Ethereum staking ecosystem is rapidly expanding. For the first time, 30% of the total ETH supply (approximately 36.8 million ETH, valued at $72 billion) is locked in staking pools, protected by nearly 1 million validators ensuring network security. Currently, over 4 million ETH are waiting to be staked, while less than 25,000 ETH are waiting to be exited. This reflects the market's continued confidence in Ethereum's long-term prospects.
Technically, Ethereum may be nearing a bottom. An inverted head and shoulders pattern has appeared, a common bullish reversal signal. The relative strength index (RSI) is approaching the oversold region at 30, last seen in April 2025. Analysts expect that if support holds, the price could rebound to the psychological level of $2,500.
Market Overview:
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, the fundamentals of Ethereum remain strong, with staking growth and network security creating potential opportunities for investors.