Ethereum staking pays 2.21 percent while the ECB pays 2.50

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Ethereum's staking yield of 2.21 percent sits below the European Central Bank's deposit rate of 2.50 percent. What that gap means for the price, for the levels at $2,364 and $2,438 and for your tax return.Anyone staking Ether currently earns 2.21 percent a year from the network. Anyone leaving money in a bank account whose bank passes on the policy rate earns up to 2.50 percent. The yield Ethereum has used to attract capital since its switch to proof of stake now sits below the rate the European Central Bank pays banks on their deposits. That gap will shape where the price stands over the coming weeks. The price itself barely moved on Sunday morning. Ether trades at $2,409.89, down 0.87 percent over 24 hours, measured against CoinGecko market data on Sunday at 08:42 UTC. The session low was $2,363.56 and the high $2,438.10. Where the price can point over a horizon of months is tracked continuously in our Ethereum price prediction. The network yield stands at 2.21 percent The mos...