According to BroadChain, at 02:16 on April 23, Cointelegraph reported that the staking rate of the Ethereum network has reached a historic high of 32.33%. This trend is reducing the circulating supply of ETH, theoretically alleviating selling pressure in the market and potentially supporting a long-term recovery in ETH's price. However, despite this positive fundamental factor, technical analysis indicates that the ETH/BTC trading pair still faces a downside risk of approximately 10%. This suggests that, in the short term, Ethereum's performance may continue to lag behind Bitcoin.