Originally published by ChainCatcher on November 10, 2026, at 08:30:55 UTC+8.
Ethereum’s staking participation and market price were moving in different directions, according to CryptoQuant analyst PelinayPA, as reported by ChainCatcher.
The analyst said Ethereum’s staking rate had risen by approximately 4.32% since May, with about 36.32% of the total ETH supply staked at the time of the report. Meanwhile, ETH’s price on Binance had fallen from around $2,800 in October to $2,132.
Despite that price weakness, the staking rate continued to rise. PelinayPA interpreted this as evidence that investors had not significantly reduced their commitment to staking.
Staked supply and new inflows tell different stories
The report also noted a 40.11% decline in total staking inflows. That decline underscores the distinction between the overall share of ETH already staked and daily inflow activity: a rising staking share does not necessarily mean new deposits are accelerating.
Staked ETH is not permanently locked. Validators can initiate withdrawals, a qualification the analyst highlighted when discussing how staking affects the supply available for trading.
Supply support remains conditional
PelinayPA argued that greater staking participation reduces the amount of freely tradable ETH and could support prices when demand is strong. The analyst described the medium- to long-term supply dynamics as potentially supportive—not a guarantee of price appreciation.
The report’s outlook remained conditional: if the market could absorb selling pressure and attract sufficient demand, ETH might establish a foundation for a stronger upward trend.