Leading analytics firm Santiment says Ethereum (ETH) stakers have little to cheer about as values drop and crypto interest shifts to Bitcoin (BTC).
Santiment says the outlook is souring for ETH stakers as recent gains have retreated and long-term stakers are down more than an average of 30%.
“Ethereum 2.0 stakers have seen realized values completely taper off over the past 10 weeks. Additionally, long-term stakers are now down an average of 31%.”
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Ethereum is worth $1,539 at time of writing.
Santiment says that based on its social dominance indicator interest in Bitcoin is at its highest since September as altcoin gains in 2023 have largely retraced. The top crypto asset is also now outperforming many altcoins.
“Bitcoin’s price is -6% in March,
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