$ETH worth prediction faces blended indicators as Ethereum trades close to $2,050 whereas staking reaches a file share of complete provide. On the similar time, $ETH/$BTC stays capped by a long-term downtrend, which retains relative momentum weak.
Staked $ETH climbs previous 30% whereas worth stays close to latest lows
Ethereum’s staking price rose to a brand new excessive above 30.5% of complete $ETH provide, whilst ether traded round $2,050, based on a CryptoQuant chart shared by analyst Leon Waidmann on X. The chart labeled “Ethereum: $ETH 2.0 Staking Price (%)” reveals the staking share climbing in a gentle uptrend since early 2023, whereas the value line moved by way of a number of rallies and selloffs over the identical interval.
$ETH 2.0 Staking Price (%). Supply: CryptoQuant / X
The CryptoQuant knowledge suggests the staking price roughly doubled from about 15% in early 2023 to greater than 30% by early 2026. In the meantime, the value axis on the identical chart reveals ether close to $1.9K on the newest level, nicely under prior peaks marked above $4,000 and close to $4,500 throughout 2024 and 2025.
Waidmann described the transfer as a divergence, arguing that staking continued to rise no matter market route. He additionally pointed to earlier durations when staking elevated whereas worth stayed flat or fell, and he stated ether later climbed in subsequent months. These references mirror his interpretation of previous market habits fairly than a assured end result.
Staking locks $ETH into validator operations to assist safe the community, and it could possibly cut back the quantity of ether instantly accessible to commerce. On the similar time, liquidity circumstances additionally depend upon the place $ETH sits throughout exchanges, custodians, and staking suppliers, in addition to how simply holders can exit positions.
$ETH/$BTC stays pinned beneath long-term downtrend as ratio hovers close to multi-year lows
The $ETH/$BTC buying and selling pair remained under a descending trendline that has capped rallies for practically eight years, based on a biweekly chart from Binance shared by X person TedPillows. The chart labeled “Ethereum / Bitcoin – 2W (Binance)” reveals an extended collection of decrease highs from 2017 by way of early 2026, with every rebound failing close to the identical falling resistance line.
Ethereum / Bitcoin – 2W (Binance). Supply: TradingView / X
On the newest studying, the ratio traded close to 0.0293 $BTC per $ETH, primarily based on the chart’s right-side worth marker. Over latest years, the pair posted repeated decrease peaks throughout restoration makes an attempt in 2018, 2021, and 2022. Nonetheless, every transfer stalled beneath the identical descending trendline, which continues to outline the broader construction. In consequence, the market has not confirmed a sustained shift in relative power towards ether versus bitcoin.
Worth motion since 2024 reveals one other bounce from the decrease finish of the vary, adopted by renewed strain because the pair approached the long-term resistance. Due to this fact, the construction nonetheless displays a broader downtrend on larger time frames. In flip, this indicators that ether has continued to lag bitcoin in relative efficiency throughout a number of cycles.
TedPillows stated a decisive break above the trendline may mark a regime change for $ETH/$BTC and reshape relative momentum between the 2 property. That view displays the analyst’s interpretation of technical construction fairly than a confirmed end result. For now, the chart reveals resistance holding, whereas the pair trades under the multi-year ceiling that has outlined relative efficiency since 2017.
