Over 33 Million ETH Staked As Spot Ethereum ETFs Roll Out: Up Next $4,000?
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Ethereum is outperforming Bitcoin, staying firm above the $3,000 and $3,300 support zone. Despite a minor retrace, ETH holders are optimistic, eyeing gains above $4,000. Currently, 28% of all ETH is staked, totaling 33.3 million ETH with over one million validators. On-chain data shows ETH is being pulled from exchanges, indicating confidence among holders. This makes ETH scarcer, potentially increasing demand. The launch of spot Ethereum ETFs in the U.S. is also likely to boost demand, possibly pushing prices higher. ETH has encountered resistance at $3,500, but continued support around $3,000 to $3,300 could lead to further gains.
Source: www.newsbtc.com ↗
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