Ethereum staking is nearing 30% with roughly 36 million ETH locked, removing significant liquid supply and supporting ETH price momentum after breaking the $4,800 resistance; analysts now project targets near $6,400 while the $2,000–$2,400 zone is cited as the accumulation base.
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Staking: 36M ETH locked (≈29.8%), shrinking exchange liquidity and tightening supply.
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Price cleared $4,800 resistance after $4,000; next analyst target is $6,400.
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Strong accumulation occurred in the $2,000–$2,400 zone before the rally; long-term trendline intact.
Ethereum staking nears 30% with 36M ETH locked, tightening supply and supporting ETH price action — read key takeaways and analyst targets now.
What is the current status of Ethereum staking and why does it matter?
Ethereum staking has risen to about 29.8% of total supply, with nearly 36 million ETH staked out of ~121 million. This reduction in liquid ETH supply tightens market availability and can amplify price moves when demand rises, especially after key resistance breaks.
How much ETH is locked and how does that change liquid supply?
Approximately 36M ETH is staked, representing a substantial portion of circulating ETH. That level reduces the amount available on exchanges and for trading, which can increase price sensitivity to inflows and macro catalysts. On-chain metrics show exchange balances falling while staking inflows accelerated after the April 2023 Shanghai upgrade.
Ethereum staking nears 30% with 36M ETH locked as analysts project price targets beyond $6,000 after key resistance breaks.
- Ethereum staking climbs to 29.8%, locking 36M ETH and reducing liquid supply across exchanges.
- ETH breaks $4,800 resistance after $4,000, with analysts eyeing $6,400 as the next major upside target.
- The $2,000–$2,400 zone acted as a strong accumulation base before Ethereum’s rally toward higher price levels.
Ethereum’s staking activity has reached new levels, with almost 30% of the total supply now locked. Data shows nearly 36 million ETH out of 121 million has been removed from circulation through staking.
Analyst commentary from Lark Davis and Merlijn The Trader highlights increasing staking ahead of potential ETF-related catalysts and confirms cleared price structure levels. These on-chain trends, combined with price action, point to a market environment where lower exchange liquidity may amplify upward moves.
How has staking evolved since 2022?
Staking rates have steadily climbed from roughly 12% in October 2022 to the current near-30% level. A marked acceleration followed the April 2023 Shanghai upgrade, which allowed validator withdrawals and increased validator participation. Growth persisted through 2024 and into 2025 as institutional and retail staking adoption expanded.

ETH 2.0 Staking Rate chart, Source: Lark Davis on X
Between April and July 2023, staking jumped from about 15% to more than 20%, then moved steadily higher across 2024. By mid-2025 the rate approached 29.8%, reflecting sustained inflows to staking services and validators.
Why did ETH price clear $4,800 and what are the next levels?
Ethereum’s price momentum accelerated after clearing $4,000 and then $4,800, breaking a resistance level last tested near the 2021 highs. Technical signals and analyst frameworks now point to $6,400 as a key upside projection, provided support holds above $4,500.

ETH/USD 3-day price chart, Source: Merlijn The Trader on X
Analysts note that a failure below $4,000 would increase downside risk and could retest the $2,400 accumulation region. For now, the market structure and staking-driven supply constraints support a bullish bias while key supports hold.
Frequently Asked Questions
How does staking affect ETH availability on exchanges?
Staking removes ETH from tradable balances by locking coins in validators or services. As stake inflows increase, exchange reserves typically decline, reducing immediate sell-side liquidity and potentially amplifying price moves on demand spikes.
Is the $6,400 target realistic given current data?
Analyst targets like $6,400 are based on cleared resistance, trendline structure, and on-chain supply trends. If staking continues to reduce liquid supply and macro conditions remain supportive, the target is plausible; price action must hold key support levels.
What should traders watch next?
Monitor exchange balances, validator inflows, support at $4,500 and $4,000, and on-chain staking growth. Additionally, follow official announcements from major market participants and regulatory updates for ETF-related catalysts.
Key Takeaways
- Staking growth: 36M ETH staked (~29.8%) reduces liquid supply and increases market sensitivity.
- Price structure: ETH cleared $4,800 after $4,000; $6,400 is the next analyst target if support holds.
- Accumulation base: $2,000–$2,400 served as a key accumulation zone before the rally; risk increases below $4,000.
Conclusion
Rising Ethereum staking and cleared price resistance together create a tighter supply backdrop that supports upside potential for ETH while maintaining known risk levels. Market participants should watch staking inflows and support zones; COINOTAG will update this analysis as new on-chain data and price action emerge.