Ethereum's staking ratio has increased from approximately 29% at the start of the year to about 31% of the total supply, despite a 26% decline in ETH's price in 2026. This growth in staking indicates that long-term holders remain confident in Ethereum, even amid price pressures and on-chain risks, and are gradually reducing the circulating supply. The development of spot ETH ETFs and the expansion of tokenization activities on Ethereum could drive new structural inflows into the staking ecosystem, although the impact on ETH's price will depend on the actual allocation of institutional funds.