Ethereum’s staking ratio has reached an all-time high of 34.4%, according to on-chain analytics platform Token Terminal. The milestone means more than one-third of circulating ETH supply is now locked in the proof-of-stake consensus mechanism, a substantial rise since The Merge in September 2022. Growth has been driven by attractive staking yields, the expansion of liquid staking derivatives such as Lido’s stETH and Rocket Pool’s rETH, and increasing institutional participation. Analysts note that higher staking locks up supply, potentially easing sell pressure and improving network security, though it may also reduce market liquidity and concentrate influence among large staking providers.
Despite the bullish on-chain signal, Ethereum’s price action remains subdued. ETH is down more than 60% from its 2025 high around $4,600. CoinCodex projects a broadly neutral remainder of 2026 with gains of only 2%–3%, while Benzinga’s average forecast near $2,300 implies a recovery but still far below previous record levels. Institutional interest remains visible: BitMine continues to hold a large Ethereum position and participate in staking, suggesting long-term conviction even as retail demand stays cautious. Several publicly traded companies and investment funds have also disclosed ETH staking positions in recent months.
Alongside the Ethereum staking data, the Moonberg presale has drawn attention. Its first stage sold out within hours, raising $375,000 in $MBX tokens. The project’s trading terminal already has over 650,000 community members, tracks more than 72 million tokens, processes 53.4 billion data points through 130 proprietary metrics, and offers a no-code AI agent builder called Morpheus. Buyers can test many features before the token generation event, which Moonberg argues reduces the usual presale execution risk. While the presale shows demand for utility-focused tokens, it does not change the broader picture for ETH, where forecasts suggest a major recovery remains unlikely in 2026.
