Number of staked ETH reaches ATH as price drops to $1,900

The number of staked ether (ETH) in the Ethereum 2.0 contract just hit a new all-time high (ATH) as the asset’s price bounces back to the $1,900 mark.

According to data from the on-chain analytics platform Nansen, the total number of ETH staked has reached 19,037,686 coins, marking a new ATH. Per the data, the number of validators also hit a new ATH of 590,854 at the time of writing.

Moreover, data provided by Nansen suggests that 145,255 ethers were deposited into the ETH 2.0 contract while 72,187 tokens were withdrawn. 

Ethereum’s Shanghai upgrade, also known as the Capella/Shapella hard fork, was deployed on April 12. It allowed the validators to withdraw their funds from the Ethereum 2.0 contract. Per Nansen, only 2% of the total staked ETH, roughly 381,000 coins, is scheduled and waiting for withdrawals.

Furthermore, according to Glassnode, the total ETH fees paid on a seven-day median average has reached roughly 282 ETH, marking an 11-month high. Per the data, the last time the ethereum fees touched the 280 ETH mark was June 2022.

Ethereum is up by 1.75% in the past 24 hours, trading at roughly $1,900 at the time of writing. The asset’s price dropped below the $1,900 mark on April 30 and hit a local bottom of around $1,810 on May 1.