{"id":121090,"date":"2023-07-11T23:24:58","date_gmt":"2023-07-11T23:24:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-stakers-say-nay-to-withdrawals-as-crypto-news\/"},"modified":"2023-07-11T23:25:01","modified_gmt":"2023-07-11T23:25:01","slug":"ethereum-stakers-say-nay-to-withdrawals-as-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-stakers-say-nay-to-withdrawals-as-crypto-news\/","title":{"rendered":"Ethereum stakers say &#8220;nay&#8221; to withdrawals as&#8230;\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\t\t\t\t\t\t<br style=\"clear: both; display: block; float: none;\"\/><\/p>\n<ul>\n<li><em>20% of the total ETH supply has been staked.<\/em><\/li>\n<li><em>Negative CMF hinted at liquidity exit from the ETH market.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Following the implementation of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/Shanghai\" data-wpel-link=\"internal\">shanghai hardfork<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/eth\" data-wpel-link=\"internal\">Ethereum [ETH]<\/a>  introduced the ability to withdraw staked Ether from its consensus mechanism.  However, contrary to the expectations of many, the upgrade was yet to result in a surge of withdrawals.  Instead, it has sparked a renewed wave of deposits. <\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Is your portfolio green?  Check out the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/ethereum-profit-calculator\" data-wpel-link=\"internal\">Ethereum Profit Calculator<\/a><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">According to new data from <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.com\/hildobby\/eth2-staking\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">Dune Analytics<\/span><\/a><span style=\"font-weight: 400;\">, 20% of the total supply of the leading altcoin has been staked.  At the time of writing, 23.83 million ETH tokens were staked, with a net flow of 4.46 million ETH recorded since the Shanghai Upgrade went live.<\/span><\/p>\n<div id=\"attachment_326639\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0qkmQLWAAAFcaM.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-326639\" class=\"wp-image-326639 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0qkmQLWAAAFcaM.png\" alt=\"\" width=\"850\" height=\"568\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0qkmQLWAAAFcaM.png 850w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0qkmQLWAAAFcaM-300x200.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0qkmQLWAAAFcaM-768x513.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-326639\" class=\"wp-caption-text\">Source: Dune Analytics<\/p>\n<\/div>\n<h4>Withdrawals trend down<\/h4>\n<p><span style=\"font-weight: 400;\">After the Shanghai hardfork was implemented on April 12, ETH daily staking deposits immediately rallied from 460 ETH to 8108 ETH, representing a 1662% increase, data from <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/studio.glassnode.com\/workbench\/f1980f88-60e2-4609-5b45-48a18388c59e?s=1673333513&#038;u=1689058313&#038;zoom=182\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">glassnode<\/span><\/a><span style=\"font-weight: 400;\">  revealed.  By June 2, this peaked at 13,595 ETH daily ETH deposits.  While deposits trended downward after this peak was hit, an average daily deposit of 2,627 ETH has since been recorded.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the Ethereum 2.0 network has seen a burst in newly staked ETH since the Shanghai Upgrade.  Likewise, the daily count of newly staked ETH rallied to its highest point on June 1, with 408,940 ETH coins deposited into the staking contract that day. <\/span><\/p>\n<div id=\"attachment_326641\" style=\"width: 1810px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-326641\" class=\"wp-image-326641 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1800\" height=\"1013\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth.png 1800w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth-300x169.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth-1024x576.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth-768x432.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth-1536x864.png 1536w\" data-lazy-sizes=\"(max-width: 1800px) 100vw, 1800px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-326641\" class=\"wp-image-326641 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth.png\" alt=\"\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth.png 1800w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth-300x169.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth-1024x576.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth-768x432.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/glassnode-studio_eth-exchange-inflows-vs-new-staked-eth-1536x864.png 1536w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-326641\" class=\"wp-caption-text\">Source: Glassnode<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">While many expected the Shanghai Upgrade to open up floodgates of ETH withdrawals that would reduce the value of the altcoin and staking deposits, data from Dune Analytics revealed that following the momentary hike in withdrawals post-Shanghai, this has now slowed down. <\/span><\/p>\n<div id=\"attachment_326642\" style=\"width: 1388px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-326642\" class=\"wp-image-326642 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1378\" height=\"742\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16.png 1378w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16-300x162.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16-1024x551.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16-768x414.png 768w\" data-lazy-sizes=\"(max-width: 1378px) 100vw, 1378px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-326642\" class=\"wp-image-326642 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16.png\" alt=\"\" width=\"1378\" height=\"742\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16.png 1378w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16-300x162.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16-1024x551.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-08.37.16-768x414.png 768w\" sizes=\"auto, (max-width: 1378px) 100vw, 1378px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-326642\" class=\"wp-caption-text\">Source: Dune Analytics<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">read <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/ethereum-price-prediction\" data-wpel-link=\"internal\">Ethereum&#8217;s [ETH] Price Prediction<\/a> 2023-24<\/p>\n<hr\/>\n<h4><b>Before you ape in on the altcoin\u2026<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">At press time, ETH exchanged hands at $1,885, per data from <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">,  In the last month, the alt&#8217;s price oscillated within the $1750 and $1850 price ranges.  This price consolidation led it to commence a new bear cycle on 7 July.  A look at the asset&#8217;s Moving Average Convergence\/Divergence (MACD) indicator confirmed this. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On 7 July, the MACD line intersected the trend line in a downtrend, signaling the re-entry of the bears into the ETH market.  This is often taken as a bearish sign, showing that coin distribution had begun to exceed accumulation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The downward intersection of the MACD line with the trend line coincided with a fall in ETH&#8217;s Chaikin Money Flow (CMF) into the negative territory.  At a negative -0.12 at press time, the ETH market grappled with liquidity exits. <\/span><\/p>\n<div id=\"attachment_326633\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-326633\" class=\"wp-image-326633 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"2560\" height=\"1179\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-300x138.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-1024x472.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-768x354.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-1536x707.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-2048x943.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-326633\" class=\"wp-image-326633 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44.png\" alt=\"\" width=\"2560\" height=\"1179\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-300x138.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-1024x472.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-768x354.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-1536x707.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-11_08-23-44-2048x943.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-326633\" class=\"wp-caption-text\">Source: ETH\/USDT on TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>20% of the total ETH supply has been staked. Negative CMF hinted at liquidity exit from the ETH market. Following the implementation of the shanghai hardfork, Ethereum [ETH] introduced the ability to withdraw staked Ether from its consensus mechanism. However, contrary to the expectations of many, the upgrade was yet to result in a surge [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":121091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-121090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=121090"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121090\/revisions"}],"predecessor-version":[{"id":121092,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121090\/revisions\/121092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/121091"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=121090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=121090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=121090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}