Ethereum staking is picking up steam once more, with deposits outpacing withdrawals. The amount of ETH staked on the Beacon Chain has increased as a result of this. Since the Shapella upgrade, 1.08 million ETH have been withdrawn and 575,000 ETH have been staked, according to Token Unlocks. The total staking balance will rise to 18.4–18.7 million ETH if the current trend holds. Over the past 24 hours, the Ethereum staking balance has increased by 26,680 ETH, but a sizable portion is still in the pending withdrawal queue.
Ethereum prices have remained above $2,000 for the last six days, and low levels of ETH staking may be bullish for the asset. It needs to be moved very far to the next place.
Ethereum Staking Deposits Outpace Withdrawals as Staked ETH Balance Increases
