The amount of staked Ethereum is continually increasing. However, more than half of it remains underwater in terms of gains made despite the ETH price recently hitting local highs.

A large portion of all the Ethereum staked is still underwater, according to research shared by analysts on Feb. 18.

The chart shows that 60% of all staked ETH was locked in at a price of $1,600 or higher, while the remaining 40% that was staked at lower prices remains in profit.

More than 2 million ETH were staked at prices between $500 and $700. This would have been staked when the Beacon Chain launched in December 2020, and the asset was trading for around $600.

(By Martin Young)

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