Data shows the staking rate of the Ethereum Proof-of-stake contract (formerly called the ETH 2.0 upgrade) has surged up recently, a sign that could be positive for the crypto’s price.
Ethereum 2.0 Staking Rate Surges Up As Inflows Spike
Kaip pažymėjo CryptoQuant analitikas paštu, the ETH staking rate has observed a sharp increase recently as inflows have spiked up.
The “staking rate” is an indicator that measures the percentage of the total Ethereum supply currently locked into the statymo sutartis.
Another metric, the “ETH 2.0 įtekėjimas,” tells us about the total amount of coins flowing into the contract in any given time period.
When the value of this indicator spikes up, it means a lot of Ethereum is moving into the staking contract right now.
Sustained such trend can be bullish for the price of the crypto as it means the available supply of the coin is going down since more ETH is becoming locked into the 2.0 contract.
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Now, here is a chart that shows the trend in the ETH staking rate as well as the inflows over the past six months:
Looks like the values of the metrics have gone up recently | Source: „CryptoQuant“
As you can see in the above graph, the Ethereum staking rate has observed a rapid rise in the recent weeks. This means that more of the ETH supply is locked into the contract now.
This trend can also be seen in the ETH 2.0 inflows, which have also observed large values recently. These coins entering into the contract have meant that around 9% of the total supply of the crypto is now locked into staking.
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As explained earlier, this trend can be bullish for the coin’s price due to demand-supply dynamics. The selling supply of the coin essentially reduces as more Ethereum is held stationary in the contract.
ETH kaina
Rašymo metu Ethereum kaina svyruoja apie 3 tūkst. USD, ty 5% daugiau nei per pastarąsias septynias dienas. Per pastarąjį mėnesį kriptovaliutos vertė padidėjo 17%.
Žemiau esančioje diagramoje parodyta monetos kainos tendencija per pastarąsias penkias dienas.
The ETH price seems to have shot up over the past couple of days | Source: ETHUSD „TradingView“
After struggling for most of the month so far, Ethereum looks to have finally broke above the $3k mark again. But it remains to be seen whether the crypto can gain ground above the level this time, or if it will dwindle back down just like earlier in the month.
Teminis vaizdas iš Unsplash.com, diagramos iš TradingView.com, CryptoQuant.com
Source: https://bitcoinist.com/ethereum-bullish-signal-eth-2-0-staking-spikes-up/