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Market News ETH Staking Inflows Remain Subdued on SEC and Fed Angst

ETH Staking Inflows Remain Subdued on SEC and Fed Angst

Due to the closed US markets, it is a quiet day for ETH. But at the start of the week, the Fed and the SEC are still scrutinizing investor sentiment.

TOP1Markets Analyst
2023-06-20
6963

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On Sunday, Ethereum (ETH) decreased by 0.41%. ETH concluded the week down 1.86% at $1,720, partially correcting a loss of 0.58% from the previous day. Significantly, ETH avoided trading below $1,700 for a second session running.


After a range-bound morning, ETH increased to a high of $1,747 in the late afternoon. ETH declined to a late-session low of $1,713 after failing to pass through the First Major Resistance Level (R1) at $1,760. However, ETH finished the day at $1,720, avoiding the First Major Support Level (S1) at $1,704.

Bearish Signals Are Sent by Staking Statistics

Staking inflows decreased from 31,616 ETH on Saturday to 25,184 on Sunday, according to CryptoQuant. The inflows stayed below both the crucial 100,000 ETH level and recent Sunday patterns.

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