The percentage of Ethereum ($ETH) staked has surged to 28.9%, up from 23.8% in January, demonstrating growing long-term confidence in the network’s future.

Notably, 15.3% of the staked ETH has remained locked for over three years, signaling strong commitment from long-term holders.

Ethereum’s most significant support level currently sits at $2,300, where 2.77 million addresses collectively acquired 52.65 million ETH. .

As $ETH trades within a symmetrical triangle, market watchers anticipate that a decisive move outside the $2,300 to $2,600 range will determine the next major trend for the cryptocurrency.

Adding to the market dynamics, an Ethereum ICO whale recently deposited 5,000 ETH (valued at $12.1 million) to Kraken. Since September 23, this whale has transferred a total of 50,000 ETH (worth $125.38 million) to Kraken at an average price of $2,508, leaving a substantial 89,450 ETH (approximately $216.8 million) in their wallet.

Ethereum Foundation Wallet Continues ETH Transfers 

Additionally, a wallet associated with the Ethereum Foundation transferred 1,250 ETH ($3.03 million) to Bitstamp around 50 minutes ago. This wallet notably received 51,251 ETH (then valued at just $51,000) from the Ethereum Foundation’s wallet on November 18, 2015. The latest deposit is one of only five major ETH transactions from this wallet in the last seven years.

In contrast, Ethereum spot ETFs have seen no inflows or outflows recently—marking only the second time this has occurred since their launch.

As Ethereum’s price consolidates and significant wallet activity continues, market participants are closely monitoring for signs of the next big move.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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