Ethereum staking climbed to an all-time high of 43.8 million ETH, extending its growth streak to six consecutive quarters even as staking yields declined, according to Bitwise’s Q4 2026 Staking Report.
Staking participation reaches record levels
Staked ETH represented 35.9% of the total supply, the report highlighted. The network recorded net staking inflows of 1.99 million ETH during the quarter, underscoring continued growth in participation.
However, Ethereum’s staking yield fell from 2.81% to 2.63%, reflecting how the increase in participation aligned with lower returns.
Bitmine expands staking with $390.6 million allocation
Institutional staking activity gained further attention as Bitmine staked another 159,728 ETH, valued at roughly $390.6 million, according to a Lookonchain post on X. The transaction pushed Bitmine’s total staked holdings to 5.23 million ETH, worth approximately $12.78 billion.
The staked assets accounted for roughly 86.5% of the company’s total ETH holdings, reflecting its significant commitment to Ethereum. The allocation strengthened Bitmine’s strategy of generating staking rewards while maintaining significant exposure to ETH.
Binance traders favor longs as ETH exits exchanges
Derivatives market insights showed that Binance’s top traders maintained a strong bias for long positions despite recent price weakness. Long accounts represented 67.91% of top trader accounts, with 32.09% in favor of short positions. The Long/Short Ratio reached 2.12, implying that bullish positions outnumbered bearish positions by more than twofold.
Ethereum’s spot market registered negative netflows of $2.34 million on October 21, meaning exchange withdrawals exceeded deposits, potentially reducing ETH available for immediate selling. The outflow remained relatively modest compared with several larger withdrawals recorded during September and the better part of October.
Ethereum defends $2,400 as RSI improves
After retreating from the $2,800 resistance, Ethereum traded around $2,446, inside its previous consolidation range. The daily chart highlighted ETH fluctuating between the $2,400 support and the $2,535 resistance, with bulls defending the lower boundary repeatedly.
Following its recent correction, ETH attempted a modest rebound but struggled to establish a sustained move above the $2,500 area. The RSI recovered to 42.80, above its signal average of 39.87. Although the RSI remained below the 50 threshold, its improvement suggested easing bearish pressure.
The Parabolic SAR indicator remained above the prevailing price at $2,547.94, validating a bearish structure. Ethereum would need a sustained price rebound to retest the $2,535 resistance, where sellers previously restricted further advances, as the bearish SAR still favored caution.
