Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Ethereum price drops 28% since January but on-chain activity and staking remain strong.

Protocol Fundamentals
23 May 2026
Cointribune
View Source
Neutral
pluang ai news

Despite a 28% price drop since January, Ethereum continues to attract accumulators due to sustained on-chain activity in DeFi, stablecoins, and tokenized assets. Nearly 39.1 million ETH are staked, representing about 32% of the total supply, with high demand to become validators. Analysts see Ethereum in an accumulation phase between $1,000 and $5,000, with potential long-term targets between $7,700 and $14,000 by 2027-2029. The future depends on the resilience of on-chain activity and price movements, with strong staking and DeFi use signaling ongoing interest despite market pressure.

More News (ETH)

Crypto market dips as Bitcoin and Ethereum fall amid cooling trading volumes and cautious sentiment

Crypto market dips as Bitcoin and Ethereum fall amid cooling trading volumes and cautious sentiment

The cryptocurrency market experienced a broad decline with Bitcoin down 2.4% and Ethereum down 3.6%, alongside losses in major altcoins. Trading volumes for both spot and derivatives fell significantly, indicating reduced risk appetite and lower leve...

Market News
Bearish
8 hours ago
Bitcoin falls below $76K after SEC delays tokenized stocks framework amid exchange pushback

Bitcoin falls below $76K after SEC delays tokenized stocks framework amid exchange pushback

The SEC postponed its planned innovation exemption framework that would allow blockchain-based tokenized stocks, following concerns from traditional exchanges like Nasdaq and CME about investor protection and market fairness. This delay caused Bitcoi...

Market News
Bearish
9 hours ago
Ethereum tests $2,095–$2,138 Fibonacci zone amid profit-taking and weak accumulation signals

Ethereum tests $2,095–$2,138 Fibonacci zone amid profit-taking and weak accumulation signals

Ethereum's price is currently testing the $2,095–$2,138 Fibonacci golden zone following a recent controlled pullback. This zone is critical as it often attracts buyers if the broader market structure remains intact. Exchange data shows rising whale s...

Technical Signals
Neutral
9 hours ago
Ethereum, Solana, BNB Chain, and Canton Network poised to benefit from new US crypto regulations

Ethereum, Solana, BNB Chain, and Canton Network poised to benefit from new US crypto regulations

Grayscale's latest report highlights Ethereum, Solana, BNB Chain, and Canton Network as the top blockchains likely to gain from the advancing Digital Asset Market Clarity Act in the US. This legislation aims to establish clear rules for digital asset...

Market News
Bullish
10 hours ago
Bitcoin and Ethereum remain weak, while Hyperliquid and Zcash show strong but volatile growth.

Bitcoin and Ethereum remain weak, while Hyperliquid and Zcash show strong but volatile growth.

Bitcoin and Ethereum are struggling to break key resistance levels, indicating a cautious market with bearish tendencies. Bitcoin remains below its 200-day moving average, showing signs of a potential bottoming rather than a strong recovery. Ethereum...

Technical Signals
Neutral
11 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App