Number of staked ETH reaches ATH as price drops to $1,900

The number of staked ether (ETH) in the Ethereum 2.0 contract just hit a new all-time high (ATH) as the asset’s price bounces back to the $1,900 mark.

According to data from the on-chain analytics platform Nansen, the total number of ETH staked has reached 19,037,686 coins, marking a new ATH. Per the data, the number of validators also hit a new ATH of 590,854 at the time of writing.

ETH locked and number of validators – May 4 | Source: Nansen

Moreover, data provided by Nansen suggests that 145,255 ethers were deposited into the ETH 2.0 contract while 72,187 tokens were withdrawn.

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Ethereum’s Shanghai upgrade, also known as the Capella/Shapella hard fork, was deployed on April 12. It allowed the validators to withdraw their funds from the Ethereum 2.0 contract. Per Nansen, only 2% of the total staked ETH, roughly 381,000 coins, is scheduled and waiting for withdrawals.

Furthermore, according to Glassnode, the total ETH fees paid on a seven-day median average has reached roughly 282 ETH, marking an 11-month high. Per the data, the last time the ethereum fees touched the 280 ETH mark was June 2022.

📈 #Ethereum $ETH Total Fees Paid (7d MA) just reached a 11-month high of 282.406 ETH

View metric:https://t.co/wS0nd9YFUQ pic.twitter.com/MHvo98bpxj

— glassnode alerts (@glassnodealerts) May 4, 2023

Ethereum is up by 1.75% in the past 24 hours, trading at roughly $1,900 at the time of writing. The asset’s price dropped below the $1,900 mark on April 30 and hit a local bottom of around $1,810 on May 1.

ETH price – May 4 | Source: crypto.news Read more: French senate advances legislation allowing social media influencers to advertise cryptocurrency

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