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<p class="is-style-lead">Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) holders are on a downward movement while the total number of staked ETH in the ETH 2.0 contract constantly rising since the Shanghai/Shapella upgrade earlier this year in March.</p>



<p>According to data provided by Glassnode, the number of addresses that hold more than 32 coins just dropped to 127,146, marking a six-month low. The last time the number reached a six-month low was in November 2022.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">📉 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> Number of Addresses Holding 32+ Coins just reached a 6-month low of 127,146<br><br>Previous 6-month low of 127,155 was observed on 24 November 2022<br><br>View metric:<a href="https://t.co/rkRWanL3OS" target="_blank">https://t.co/rkRWanL3OS</a> <a href="https://t.co/raYHOL4st8" target="_blank">pic.twitter.com/raYHOL4st8</a></p>&mdash; glassnode alerts (@glassnodealerts) <a href="https://twitter.com/glassnodealerts/status/1661284782292992001?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 24, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Per the data, this number has been constantly decreasing since the start of May.</p>



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<p>On the other hand, the total number of ETH locked in the ETH 2.0 contract just reached 22,045,547 tokens, marking a new all-time high (ATH).</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">📈 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 22,045,547 ETH<br><br>View metric:<a href="https://t.co/SzbMPqvhlb" target="_blank">https://t.co/SzbMPqvhlb</a> <a href="https://t.co/xpAHdzjzTQ" target="_blank">pic.twitter.com/xpAHdzjzTQ</a></p>&mdash; glassnode alerts (@glassnodealerts) <a href="https://twitter.com/glassnodealerts/status/1661284787032653825?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 24, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>According to a <a href="https://crypto.news/ethereum-non-zero-addresses-hit-new-all-time-high/">report</a> on May 19, the number of non-zero Ethereum addresses hit an ATH of 99,355,406 while the broader crypto market was uncertain.</p>



<p>Data <a href="https://crypto.news/over-3-6b-of-ethereum-ready-for-beacon-chain-staking/">shows</a> two million ether coins are ready to be staked on the network’s beacon chain.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="1007" height="601" src="https://crypto.news/app/uploads/2023/05/ETH-price-May-24.png" alt="ETH price - May 24 | Source: Trading View" class="wp-image-14160681"/><figcaption class="wp-element-caption">ETH price &#8211; May 24 | Source: Trading View</figcaption></figure>



<p>Ethereum is down by 2% in the past 24 hours and trading at $1,820 at the time of writing. Its trading volume has also dropped by 11.2% and currently sits at $5.8 billion.</p>



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ETH 2.0 value is rising despite losing many addresses

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