Analyst: Ethereum Price Falls While Staking Rate Keeps Rising, Investor Confidence Strengthens

November 10 – CryptoQuant analyst PelinayPA noted that Ethereum's price trend and staking activity are diverging. The Ethereum 2.0 staking rate has risen about 4.32% since May, with roughly 36.32% of total ETH supply now staked. Although ETH's price on Binance has dropped from around $2,800 in October to $2,132, the staking rate has continued to climb, indicating that investors have not significantly cut back their staking commitments due to price weakness.

The analyst believes that higher staking participation reduces the freely tradable ETH supply, which could support prices when demand is strong, but staked ETH is not permanently locked, since validators can initiate withdrawals. Meanwhile, total staking inflows have fallen 40.11%, highlighting the importance of distinguishing long-term staking growth from daily inflow activity. Overall, Ethereum retains potentially supportive supply-side dynamics over the medium and long term; if the market can absorb selling pressure and attract sufficient demand, ETH could lay the groundwork for a stronger uptrend.