Ethereum’s onchain conviction grows as staked ETH rises, even as price underperforms
A contracting float against any meaningful demand recovery has historically been a constructive setup for price.
➤ Despite a 26% year-to-date price decline, Ethereum's on-chain fundamentals, particularly staked ETH (now at 31% of supply), show growing conviction and a shrinking circulating supply. ➤ Liquid staking protocols like Lido are broadening access to staking for both retail and institutional holders, reducing the barrier to entry. ➤ The article suggests that increased institutional capital, potentially driven by ETH ETFs and growing RWA tokenization, could lead to fresh inflows and price appreciation if capital moves from narrative to active deployment.
