Ethereum (ETH) is experiencing a noted pullback following a brief surge earlier this month. Currently trading around $2,498, it has declined by 8.7% over the past week after surpassing the $2,800 mark mid-June. Despite this recent downturn, Ethereum staking has hit a significant milestone, with 35 million ETH now staked. This increased staking could suggest confidence among holders, signaling potential for price recovery. Investors remain hopeful that Ethereum will regain momentum soon, particularly as market conditions stabilize. Keeping an eye on staking activities will be crucial for those looking to gauge Ethereum’s future movements.