indicated that approximately 24 million ETH were staked at press time, accounting for over 20% of the total supply. Additionally, the data showed a net inflow of staked ETH since the Shanghai Fork.
This indicated that more ETH holders preferred staking their assets rather than actively trading on exchanges.was being traded at approximately $1,880, displaying a slight increase in value of about 0.6%. Analyzing the daily timeframe chart, it appeared that an uptrend had yet to commence. The price of Ethereum was trending above its short and long Moving Averages, represented by the yellow and blue lines, respectively, with the yellow line serving as its immediate support level.While the number of active addresses may have decreased, potentially due to the popularity of staking, the introduction of LSTs has provided additional utility to Ethereum as an asset.
This indicates that Ethereum remains active and relevant in its wrapped and staked forms, expanding its usage beyond traditional on-chain activities.