The share of ETH locked in staking on Ethereum has climbed above 33% for the first time since the Merge. Data cited from CryptoQuant shows that, even with price volatility still in view, holder behavior has shifted toward longer-term positioning, with more investors choosing to lock ETH instead of selling into a weak market.
Liquid ETH supply keeps getting tighter
According to CryptoQuant, the staked supply ratio has followed a steady upward path since Ethereum moved to a Proof of Stake system. With roughly one-third of all ETH now staked, the amount of ETH readily available in circulation has fallen in a visible way. That change in supply structure is clear. It does not, by itself, guarantee a price increase.
The report says that if demand strengthens later, a smaller circulating supply could make price swings more pronounced. In practical terms, more staking means more ETH is locked away from the spot market, reducing liquid supply while leaving the timing of any price response unresolved.
New wallet withdraws 9,876 ETH from Binance and stakes all of it
Lookonchain reported that a newly created wallet withdrew 9,876 ETH from Binance, worth about $15.4 million, and then staked the entire amount. The platform, known for tracking large blockchain transfers and wallet activity, pointed to the move as an example of large holders taking long-term network exposure rather than opting for immediate sales.
Transactions like this tend to draw attention because they combine two signals at once: coins leaving an exchange and those same coins being locked in staking. That reduces the amount of ETH available for near-term selling and adds to the broader trend of supply moving out of liquid circulation.
ETH holds the $1,550 zone while $1,700 stays in focus
Even with staking metrics at record levels, Ethereum’s price remains under pressure. At the time referenced in the report, ETH was trading near $1,571, while CryptoQuant charts showed the asset staying close to the $1,500 area.
Technical commentary cited in the article said Ethereum has managed to stay above the $1,550 support zone even as Bitcoin slipped to fresh yearly lows, showing relative strength on a comparative basis. On the upside, $1,700 remains the key resistance level. Analysts said Ethereum needs to reclaim that area for downside risk to ease.