Over 25.5 million ethereum staked, more ETH holders withdrawing from exchanges
Ethereum (ETH) prices are roughly 18% from June 2023 lows at the back of increasing ETH staking and massive withdrawals from centralized cryptocurrency exchanges like Binance and Coinbase. As of June 25, ETH is changing hands at $1,912, steady in the past two days but trading within a bullish formation following sharp gains this week. Further buoyed by fundamental factors, traders are confident that there could be more price gains above immediate liquidation levels, including April 2023 highs at $2,100. More ethereum staked According to Etherscan data, there have been over 216,000 transactions that have seen users stake over 25.5 million ETH worth over $48.9 billion at spot rates. Notably, this trajectory has been steadily rising, indicating support from the broader Ethereum community and confidence in the state of the network. You might also like: Ethereum’s zkSync Era reaches $500m in TVL Ethereum recently shifted from a proof-of-work to a proof-of-stak...