ETH Slips Below $2,100 as Staking Hits 32.18% While On-Chain Activity Drops 80%–90%

Ethereum fell under $2,100 as sustained selling pressure erased a rebound that had struggled to hold up since mid-May highs. Network data shows a split: staking reached a record 32.18% of supply while median transfer size and fees fell 80%–90% versus a 90-day baseline. The setup leaves price support tied more to derivatives positioning than to spot demand or organic chain usage.