According to CoinMarketCap, Ethereum passed around $2,050 at one point, with a single-session move of around 7%. Reports have revealed that around 30% of the total ETH supply is currently locked in staking contracts, a level never seen before.

This is a massive change in supply location and it matters because locked coins are not available for quick trading.

Record participation in staking

On-chain tracking devices have shown a steady boost in rates since the beginning of 2023. About 15% of the supply was staked back then; today that number has roughly doubled. People who close ETH as validators, they do this to earn rewards and lend a hand keep the network running.

Many of these accounts are built with long-term maintenance in mind. This matters because long-term holders change the supply and demand pattern.

Ethereum stake just hit a fresh all-time high. Over 30.5% of all ETH has already been staked!

Meanwhile, ETH is trading at ~$1,950.

Since the beginning of 2023, the rate has increased from ~15% to 30.5% in an almost perfect straight line.

Bear market, bull market, crashes, rallies. NO… pic.twitter.com/8dS4xv7bok

— Leon Waidmann (@LeonWaidmann) February 13, 2026

Liquid supplies have shrunk

When some coins are tied up, it reduces the selling pressure in the market. Locked ETH reduces the pool available on exchanges for quick sales. This doesn’t guarantee price increases, but it tightens one side of the market.

Traders observing supply flows often compare this factor to macro movements and liquidity conditions. Some investors see this as a slow-burning bullish signal. Others remain cautious because other forces could push prices down even with tighter supply.

Ether shows volatility around $1,900-$2,000

Prices they were springy. One day you see the profits; the next day shows pullbacks. Reports note that ETH has dipped below $2,000 at times as broader cryptocurrency momentum cools.

Some sessions indicate strength, others indicate weakness. Traffic has been spotty over the past week. This is a market where headlines and information flows still move prices more than network fundamentals sometimes do.

Validator development can boost trust

Rise betting the indicator also points to growing validator infrastructure and investor patience. More validators mean that the consensus mechanism has more hands on its hands.

This has consequences beyond price: it affects network security and how rewards are distributed. For many long-term investors, the continued growth of validators is a reason to remain involved.

The moment of unlocking withdrawals is on the watchlists. Similarly, fresh staked ETH can return to exchanges quickly when withdrawals are allowed on a huge scale.

Another critical issue is macro movements – interest rates, liquidity and major market changes. They will likely control the next massive price swings more than the betting itself.

Featured image from Unsplash, chart from TradingView