Over 34.4 Million Or Nearly 30% Of All Circulating ETH Staked: Why Is Ethereum Still Struggling?

Quick Summary:

Ethereum bulls might struggle for momentum at press time, but other onchain data points to interesting developments.

While ETH is trading above $2,400 but capped by determined sellers, IntoTheBlock data shows that nearly 30% of all circulating ETH has been staked.Over 34.

Beyond this, Ethereum developers continue to build, looking to enhance user experience and improve scalability.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: HungaryUnited States

Topics: ETHUSDT Ethereum staking Uniswap ETH Dencun ETH Price Cardano Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 23:30:08 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22960658

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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