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Ethereum holds support near $1,780; whale buys $93.6M ETH and staking hits record 41.9M coins

Protocol Fundamentals
12 Aug 2026
Blockonomi
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Bullish
Ethereum holds support near $1,780; whale buys $93.6M ETH and staking hits record 41.9M coins

Ethereum is trading near $1,887, maintaining support between $1,720 and $1,780. A significant whale wallet recently bought 50,000 ETH worth $93.6 million and staked it, adding to a total $170 million in recent purchases, signaling confidence in ETH's price. Meanwhile, total ETH staked reached a record 41.9 million coins, up from 36 million earlier in 2026. A new proposal, EIP-8363, may reduce staking rewards as the staking ratio increases, potentially impacting future earnings for large stakers. If ETH breaks above the $1,875 resistance, it could rally toward $2,200.

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