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

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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.

Number of staked ETH reaches ATH as price drops to $1,900 - 1
ETH locked and number of validators – May 4 | Source: Nansen

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data provided by Nansen suggests that 145,255 ethers were deposited into the ETH 2.0 contract while 72,187 tokens were withdrawn.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

https://twitter.com/glassnodealerts/status/1654006840189939713/

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. 

Number of staked ETH reaches ATH as price drops to $1,900 - 2
ETH price – May 4 | Source: crypto.news
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