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On Sunday morning, the net staking balance stood at a 94,450 surplus ($158.25 million), up 126.6% over 24 hours. Deposits totaled 104,520 versus withdrawals of 10,070.<\/p>\n
According to\u00a0TokenUnlocks<\/a>, total pending withdrawals stood at 38,500, equivalent to approximately $64.23 million. Notably, the staking APR stood at 4.97%, up 1.22% over 24 hours. The upward trend in staking APR, the rise in the net staking balance, and relatively steady pending withdrawals are bullish price signals.<\/p>\n (Values are in ETH unless otherwise stated).<\/p>\n This morning, ETH was down 0.04% to $1,669. A mixed start to the day saw ETH rise to an early high of $1,675 before falling to a low of $1,665.<\/p>\n The Daily Chart showed ETH hovering at the upper level of the $1,670 \u2013 $1,650 support band. Despite the bullish Saturday session, ETH remained below the 50-day and 200-day EMAs<\/a>, sending bearish near and longer-term price signals.<\/p>\n Looking at the 14-Daily RSI, 22.03 showed ETH in oversold territory. However, the RSI aligns with the EMAs, signaling a fall through the $1,670 \u2013 $1,650 support band to bring sub-$1,600 into play. A move through $1,700 would give the bulls a run at the 200-day EMA and the $1,795 \u2013 $1,815 resistance band.<\/p>\nEthereum Price Action<\/h2>\n
Daily Chart<\/h2>\n