Dispute Over Ethereum Staking Data Intensifies
- Staking Ratio Dispute: Santiment claims Ethereum staking volume has surpassed 50% for the first time at 50.18%, but CoinShares disputes this, asserting that the actual active staking volume is only 30.8%, highlighting significant discrepancies among analytics firms.
- Data Accuracy Issues: Luke Nolan from CoinShares points out that Santiment's figures are based primarily on deposit records without accounting for withdrawals, meaning the reported 80 million Ether does not accurately reflect the true contribution to network security.
- Network Security Impact: CoinShares estimates that the actual active staking volume contributing to network security is around 37 million Ether, or 30.8% of the total supply, suggesting that the perceived security of the Ethereum network may be overstated.
- Market Confidence Shaken: The differing views among analysts regarding staking data could undermine market confidence in Ethereum, prompting investors to carefully assess the actual staking situation and its potential implications for Ethereum's future development.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1655.08 | 1776.16 | 1882.55 | 2003.63 | 2110.02 | 2231.1 | 2337.49 |
| Fibonacci | 1776.16 | 1863.054 | 1916.736 | 2003.63 | 2090.524 | 2144.206 | 2231.1 |
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