Technical analysis by babs5mo about Symbol ETH on 5/15/2023

CoinGecko reported on Twitter that as of April 30, 2023, 15.6% of ETH's circulating supply is pledged. This represents an increase of 18.6% compared to the end of 2022, when 13.1% of the circulating supply is pledged at the end of 2022. The share of staked ETH has grown steadily as growth in staked ETH has outpaced growth in circulating supply. On average, the staked supply share has grown at an average monthly rate of 12.7% over the past 12 months and 8.4% since November 2020.