Ethereum (ETH) has reached a significant milestone with 25% of its total supply now staked across the network, involving 942,023 validator stakes. This surge in staking activity coincides with a bullish sentiment among investors and analysts, with predictions that the price of ETH could hit $4,000 by mid-year. Factors contributing to this optimism include the potential launch of an ETH exchange-traded fund (ETF) in May, the restaking of 4 billion ETH, and over 3 billion ETH being used in Layer 2 (L2) bridges, which could lead to a supply shortage once demand increases. Additionally, the Ethereum network has seen record-breaking transaction volumes, with an all-time high of 1,961,144 transactions on January 14, 2024. The deflationary trend of Ethereum is also accelerating, with a reduction of 4,052.36 Ether in the past week, valued at over $10 million USD. Comments from influencers like Larry Fink and the anticipation of the upcoming 'Dencun' upgrade, Layer 2 upgrade (EIP 4844), and Bitcoin halving are also adding to the positive outlook for Ethereum's price, reinforcing the fact that ETH is net deflationary.
Ethereum Staking Booms, With 25% of All ETH Locked Up βΊ https://t.co/g7uRNxeSKc https://t.co/g7uRNxeSKc
JUST IN: 25% of ETH's total supply is now staked. https://t.co/YcG8mvrtER
#ETHEREUM DEFLATION PICKS UP PACE!π₯ In just the past week, the #ETH supply has shrunk by 4,052.36 Ether.π That's a staggering value of over $10 million USD!π₯ https://t.co/lH9IfAp1zV
I formally give approval for ETH to move past the $2500 meme. $15,000 is the new meme. You're welcome.
$ETH stats are through the roof! All-time high hit this year. Record-breaking 1,961,144 #Ethereum transactions were noticed on January 14, 2024! More milestones ahead! #everstakestats https://t.co/m8whd13KH0
NEW: Over a quarter of Ethereum's ETH supply is now staked on the network for the first time. Including ETH in the staking queue, more than 25% of the total supply is staked across 942,023 validator stakes. $ETH #ETHStaking https://t.co/VqVCJsQ3C1
Here's why ETH will be at $4,000 by mid year: 1. ETH ETF will happen in May (demand up) 2. 4billion ETH was sucked into restaking (supply down) 3. >3billion ETH was sucked into L2 bridges (supply down) There will literally not be enough ETH left to buy once the pump begins
25% of ETH supply is now staked on the network https://t.co/3U65ozEIIN
$ETH is still 50% off from ATH 2.5 years ago. This will definitely change. Restaking-narrative, L2-upgrade (EIP 4844), ETH ETF (maybe?), Bitcoin halving (historically prices have increased afterward), $ETH is net deflationary + Larry Fink. Enjoy while the prices are low.
Ethereum staking reaches a major milestone as 25% of the total ETH supply, around 30 million ETH, is now staked https://t.co/lYU9RvtkPl
Ethereum about to hit $2.5k (& the media is silent). My thoughts: I expect $ETH to keep pumping right into the Ethereum ETF deadline. Just like what happened with Bitcoin & the Bitcoin ETF. There will be dips of course. BUT: Dencun upgrade on the horizon. π Bitcoin halvingβ¦ https://t.co/elZMzifZCU
YOU ARE NOT BULLISH ENOUGH
Pretty obvious what is happening here The entire $ETH supply is being sucked into a blackhole of staking and restaking endlessly. There will be no dips. You will submit or cope I already capitulated half my stable stack into it yesterday, suggest you do the same https://t.co/XJxZmXRqOd https://t.co/B8LofNG6lr
Please just send ETH to $10k already and get it over with
Your .eth is not important in a decentralized world, they said..... https://t.co/sqz8btW9EF
$ETH is heading to 4ks, wait and see when expansion kicks in.
"If you want to know whenever eth pumps 1% just follow Artchick" Stfu π
Ya'll not even close to being bullish enough on $ETH https://t.co/zl5SvDSzDy
25% of ETH are staked src: https://t.co/EkK4n7QpXS https://t.co/DAKB8t3LCP
25% of the ETH supply is now staked https://t.co/YcZrE1ZOhV
$ETH is $1100 yet away from where it will be in a few months from now, if Larry Fink has something to do with it.
$ETH is $1100 away from where it will be in a few months from now, if Larry Fink has something to do with it.
$ETH 1W Tired of all the fud. Long and strong. Send it higher. If it goes down I lose some money but can live with that. You don't get these high time frame setups on large caps too frequently. https://t.co/j971TlW2qU