Ethereum’s staking rate hit a new record above 30.5% of total supply, while ether traded near $1,950, according to CryptoQuant data shared by analyst Leon Waidmann on X. The chart titled “Ethereum: ETH 2.0 Staking Rate (%)” showed the staking share rising from about 15% in early 2023 to 30.5% in early 2026, even as price swung through multiple rallies and selloffs.
Staking rises as price lags
Waidmann said the current gap between a rising staking rate and a weaker price has appeared before and later narrowed. He pointed to mid 2023, when staking moved above 22% while ether hovered around $1,800, before ETH later climbed above $4,000. He also cited early 2025, when staking crossed 28% while ETH stayed below $2,500, before a move that took price above $4,500 by October.
ETH 2.0 Staking Rate (%). Source: CryptoQuant via Leon Waidmann on X
He tied the trend to supply dynamics and holder behavior. Waidmann argued that increased staking reduces liquid ETH available for trading because staked coins remain locked while earning yield, and he added that continued staking growth signals confidence from long term participants who choose to keep ETH committed to validators instead of keeping it on exchanges.
Waidmann said the market has seen these periods of staking strength and price weakness converge in the past. He framed the key uncertainty as timing, while the data snapshot highlighted staking at all time highs alongside ETH near the lower end of its recent range.
ETH slips under $2,000 as sell pressure hits Binance
Ethereum fell below the $2,000 level on the daily ETHUSDT chart from Binance, following a sharp selloff that extended losses from late 2025 into early 2026. The TradingView snapshot showed price breaking through prior support near $2,624 and $2,400, before sliding into the low $2,000s. The move pushed ETH into a lower trading zone after a series of lower highs and lower lows formed across recent months.
Ethereum / TetherUS 1D Binance. Source: TedPillows on X
Analyst TedPillows said aggressive selling drove the breakdown on Binance, pointing to heavy supply hitting the market during the latest decline. The chart highlighted multiple former demand areas that failed to hold, with price slicing through each band during the selloff. As a result, the structure shifted lower, with ETH now trading beneath a level that had acted as a key psychological floor in prior pullbacks.
The chart also mapped several nearby zones where price has reacted in the past, with price action clustering around the low $2,000s after the breakdown. TedPillows noted that short term price moves have turned volatile around these levels as selling pressure continued. The TradingView image placed ETH near $1,973 at the time of the snapshot, reflecting the latest push below the round number threshold.