Grayscale staked another 19,200 Ethereum (ETH) worth roughly $44.6 million and separately committed 57,600 ETH valued at approximately $121.6 million through its Ethereum Mini Trust on Mar. 13, according to blockchain analytics firm Arkham, as the second-largest cryptocurrency trades near a contested resistance zone around $2,300.
Grayscale Staking Details
The two transactions represent one of Grayscale's most aggressive staking pushes in recent weeks.
The 19,200 ETH stake was recorded just hours before the data was published, while the larger 57,600 ETH allocation through the Ethereum Mini Trust came on Mar. 13. Together, the moves lock a combined 76,800 ETH into staking contracts, removing that supply from immediate circulation and reducing spot-market liquidity.
Staked tokens generate yield but cannot be sold while committed, which makes the decision a structural bet on Ethereum's long-term value rather than a short-term trading position.
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Why It Matters
Large-scale staking by an institutional asset manager tightens available supply at a time when ETH is attempting to push through a dense resistance band between $2,300 and $2,600.
The asset remains below its 200-day moving average, and prior lower highs from late 2025 have not been broken — signs that the broader trend has not yet flipped decisively upward. Volume on the recent bounce from below $2,000 was elevated but follow-through has been limited, suggesting selective buying rather than broad-based accumulation.
For now, Ethereum sits in a split environment: institutional capital is locking in long-term exposure while shorter-term traders remain cautious amid lingering macro uncertainty and the residual impact of earlier liquidation events.
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