Ethereum faces ETF outflows, but stakers buy in with high of 33.98M

“Ethereum‘s Staking Party: A 30% Price Drop Can’t Bring Down the Faithful”

Ethereum faces ETF outflows, but stakers buy in with high of 33.98M – Explained

Despite a 30% price drop, Ethereum’s staked ETH climbed to 33.98 million
Long-term confidence has been shaken by ETH ETF’s recent outflows

So, you’d think that with a 30% price drop, people would be running for the hills, right? But no, not these Ethereum enthusiasts. They’re like, “Hey, a 30% drop? That’s just a buying opportunity!” 🤑

And it’s not like they’re just a bunch of crazy people, either. The total staked ETH has actually gone up to 33.98 million. That’s like a record or something. I mean, what’s next? Are they going to start staking their socks? 🧦

Staking climbs despite price weakness

Now, I know what you’re thinking. “Larry, how can this be? The price is down, and people are staking more?” Well, let me tell you. It’s like they say: “When life gives you lemons, make lemonade. And when life gives you a 30% price drop, stake more ETH!” 🍋

And it’s not just the stakers who are feeling confident. The long-term holders are like, “Hey, we’re not going anywhere. We’ll just keep on staking and waiting for the price to go back up.” It’s like they’re playing some kind of game of musical chairs, but with ETH instead of chairs. 🎶

The sustained growth in staking is like a big middle finger to the short-term investors who are panicking and selling. It’s like, “Hey, we’re not going to let a little thing like a price drop scare us off. We’re going to keep on staking and making that sweet, sweet interest!” 🤑

ETF outflows reflect waning institutional appetite

But, of course, not everyone is feeling the love. The institutional investors are like, “Uh, no thanks. We’ll just take our money and go home.” And that’s reflected in the ETF outflows. It’s like they’re saying, “We’re outta here. This Ethereum thing is a loser.” 🚫

And it’s not just the ETFs that are suffering. The price is down, and it’s like the whole market is in a funk. It’s like, “Hey, we’re not going to make any money on this Ethereum thing, so let’s just go home and watch some TV.” 📺

Bears maintain grip, but signs of exhaustion emerge

But, you know, the bears are still out there, trying to bring down the price. And it’s like, “Okay, fine. You can have your little bearish party. But we’re still going to stake our ETH and wait for the price to go back up.” 🎉

The RSI is in oversold territory, and the MACD is fading. It’s like, “Hey, the bears are getting tired. They’re starting to lose their grip.” But, you know, don’t get too excited. It’s still a bear market out there. 🐻

So, what’s the takeaway? Well, it’s like this: even with a 30% price drop, the stakers are still staking. And that’s like, a big deal. It’s like, “Hey, we’re not going to let a little thing like a price drop scare us off. We’re going to keep on staking and making that sweet, sweet interest!” 🤑

2025-03-14 17:16

Staking climbs despite price weakness

ETF outflows reflect waning institutional appetite

Bears maintain grip, but signs of exhaustion emerge

Read More