Ethereum Faces Price Challenges Amidst Halved Staking Demand
Ethereum Faces Price Challenges Amidst Halved Staking Demand
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Ethereum (ETH) has experienced a notable drop in staking demand by 50%, contributing to its recent price struggles. Despite a small 4.5% rebound since February 19th and a bullish divergence, the cryptocurrency remains down over 5% in the past seven days, raising questions about its immediate recovery prospects.
The Ethereum price action has not inspired much confidence recently. It has stayed mostly flat over the past 24 hours and remains down over 5% in the past seven days. Yet a small recovery attempt is underway. Since February 19, Ethereum has rebounded about 4.5%, helped by a bullish divergence on the daily chart. This