What 12M ETH staked in Ethereum consensus layer reveals about price

Momentum around Ethereum, the largest altcoin has significantly increased or remained bullish of late thanks to the much-anticipated ‘Merge‘. Last month, the Ethereum consensus layer deposit contract had surpassed 10 million in ETH staked. This represented roughly 8% of the entire Ethereum supply. Fast forward to April end, stakers continue to uphold their bullish sentiment. […]