[Analyst: Ethereum Price Falls but Staking Ratio Continues to Rise, Investor Confidence Strengthens] CryptoQuant analyst Pelinay PA points out that Ethereum's price movement and staking activity are diverging. The Ethereum 2.0 staking ratio has risen by approximately 4.32% since May, with about 36.32% of the total ETH supply currently staked. Despite the price of ETH on Binance falling from around $2,800 in October to $2,132, the staking ratio continues to rise, indicating that investors have not significantly reduced their staking efforts due to price weakness. Analysts believe that higher staking participation reduces the freely tradable supply of ETH, which may support the price when demand is strong. However, staking ETH is not permanently locked; validators can initiate withdrawals. Meanwhile, total staking inflows have decreased by 40.11%, highlighting the importance of distinguishing between long-term staking growth and daily inflow activity.