The leading altcoin Ethereum experienced a price increase of 40% over the past week, marking one of the strongest weekly performances in recent months.
This rise has returned staked ETH tokens to unrealized profits for the first time since early March, which may lead to reduced selling pressure among key token holders.
Staked Ethereum tokens are back in profit after a market rally
According to CryptoQuant, staked ETH tokens that are not part of the circulating supply and are often held by validators and long-term investors have been in unrealized losses since March 3, 2025. At that time, the realized price of staked ETH was $2,279, while market prices fell below this level.
However, last week, the broader market rally lifted the value of ETH above $2,279 on May 9. This pushed staked tokens above their realized cost basis, signaling a return to profitability. When stakers transition from losses to profits, it fosters renewed confidence in the protocol and encourages further participation in the network. This may also lead to reduced selling pressure as more holders are inclined to keep their staked positions.
Adding to the bullish sentiment is the positive ETH funding rate in the derivatives market. At the time of publication, it stands at 0.001%. This indicates that ETH futures traders are increasingly willing to pay a premium to hold long positions. The increase in demand for leverage confirms the upward momentum and reflects strong market confidence.
The increase in trading volumes stimulates the rise of ETH
On the price chart, the rising On-Balance Volume (OBV) of ETH highlights the growing demand for the token. The key momentum indicator stands at 26.05 million against the backdrop of increased trading activity.
When the OBV of an asset rises, it signals increasing buying pressure, which can lead to further price increases. If this trend continues, the price of ETH could rise to $2,745. On the other hand, if sellers regain control of the market, they may drive the price of ETH down to $2,424. If bulls are unable to defend this support floor, the price decline could reach $2,243.#BinanceSquare #Binance #StaySafeCryptoCommunity #crypto #TradeStories $ETH
