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Ethereum Price Fell 20%, But Stakers Are Refusing to Sell

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Ethereum Price Fell 20%, But Stakers Are Refusing to Sell

Ethereum briefly fell toward $2,000 on Tuesday after hotter-than-expected US inflation data rattled financial markets. ETH later recovered to around $2,060, but remains under pressure. Behind the sell-off, however, Ethereum’s staking data reveals an unusual trend. Investors are showing little appetite for withdrawing their staked ETH, raising questions about whether the market is approaching a The post Ethereum Price Fell 20%, But Stakers Are Refusing to Sell appeared first on BeInCrypto.

Key Takeaways

  1. Ethereum briefly fell toward $2,000 on Tuesday after hotter-than-expected US inflation data rattled financial markets.
  2. ETH later recovered to around $2,060, but remains under pressure.
  3. Behind the sell-off, however, Ethereum’s staking data reveals an unusual trend.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.