- The Ethereum price enters a short sideways trend between the $2,145 and $1,765 region.
- Ethereum’s staking rate reached a new all-time high of 30.5% of total supply.
- The momentum indicator RSI bounced to 34% mark indicating that the ongoing consolidation is stabilizing the price after an overextended downtrend from last week.
Ethereum, the second largest cryptocurrency by market capitalization, is up 5.5% during Friday’s U.S. market hours to reclaim $2,052 mark. The sudden surge can be attributed to macro economic developments in the U.S. as January 2026 CPI rose to 2.4% annually, slightly below the market’s expectation of 2.5%. This lower-than-expected figure could act as a potential catalyst for Fed rate cut in coming months. In addition, the Ethereum staking rate just hit a new all-time high of 30.5%, accentuating the strong conviction from $ETH holders.
$ETH’s Liquid Supply Shrinks as 30.5% of $ETH Gets Locked in Staking
In the first two weeks of February, the Ethereum price witnessed a significant downturn from $2,500 to $1,750, registering a loss of nearly 30%. While the broader market sentiment hints continued correction ahead, the onchain data highlights a sustainable growth in staking participants
In a recent tweet, analyst Leon Waidmann revealed that Ethereum’s staking rate just hit a new all-time high, with 30.5% of the total Ether supply now staked. Since early 2023, the staking rate has recorded a sharp and sustainable surge from 15% to over 30%, despite the occasional price pullback, geopolitical tension and macroeconomic jitters.
Deposits have kept flowing through more than one market regime, including prolonged downturns and intermittent upturns. This persistence has resulted in a steady depletion of the pool of easily tradable $ETH, as an increasing number of tokens enter into long-term lockups for the purposes of participating in consensus and unlocking rewards, the typical yields in the 2-3% annualized range.
Similar setups have emerged in the past. Around mid-2023, staking rose above 22% with prices stabilizing near $1,800 and significant gains followed. Another such instance came earlier in 2025, when the ratio crossed past 28% during a phase below $2,500, before subsequent advances.
Validators and stakers continue to play an active role and invest more resources into security apparatuses within the network despite downward pressure on spot prices. The pattern represents continued commitment from the people working those nodes and delegating them money, helping to incrementally constrict the supply of liquid on exchanges.
Ethereum Price Enters A Short Consolidation
Over the past week, the Ethereum price has traded in a narrow range between $2,175 to $1,765, marked by the daily candle of February 5th and 6th. The consolidation backed by low trading volume indicates lack of initiation from buyers or sellers to drive a suitable growth.
Following a flash crash last week, the coin price is likely stabilizing at current market level to regain momentum for the next leap. Currently trading at $2,053, the Ethereum price has bounced 5.5% today, to challenge the overhead resistance of $2,175.
A potential breakout from this resistance will accelerate the market buying pressure and drive a renewed recovery to $2,838, followed by $2,620.
$ETH/USDT -1d-Chart
On the contrary, if sellers forced a breakdown below $1,765 support, the Ethereum price could slip toward the $1,650 mark.
