Latest StakeWise Staked ETH (osETH) Price Analysis

TLDR StakeWise Staked ETH (osETH) fell 2.10% over the last 24h, underperforming Ethereum’s 1.3% dip. This retracement follows a 17.99% weekly surge and aligns with broader crypto market weakness (-3.39% total cap). Here are the main factors:

1. Profit-taking after rally – 81% 60-day gain triggers technical pullback
2. Record deposit inflow – New TVL high increases osETH supply pressure
3. Overbought signals – RSI14 at 79.34 suggests exhaustion

Deep Dive

1. Profit-Taking After Rally (Bearish Impact)

Overview: osETH rallied 81% in 60 days, reaching a 2025 high of $5,014.34 before retracing to $4,791.34. The 24h trading volume surged 328% to $4.38M, signaling heightened volatility.

What this means: Long-term holders likely liquidated positions near the $5,014 resistance level, a key Fibonacci 23.6% retracement zone ($4,571). This aligns with the 200-day EMA ($2,951) trailing far below current prices, historically prompting profit-taking.

What to watch: A close below $4,571 could trigger further selling toward the 38.2% Fib level ($4,297).

2. Supply Pressure From Record Deposit (Bearish Impact)

Overview: StakeWise announced a record-breaking deposit on August 14, expanding osETH’s circulating supply (203,529 tokens).

What this means: New deposits mint additional osETH tokens, increasing sell-side pressure if demand doesn’t match supply growth. The 24h turnover ratio (0.449%) shows moderate liquidity, making large sell orders impactful.

3. Overbought Technicals (Mixed Impact)

Overview: The RSI14 hit 79.34 on August 13 – its highest since June 2025 – before cooling to 76.04.

What this means: While still elevated, the RSI drop below 80 relieved immediate overbought concerns. However, the MACD histogram (+74.51) remains bullish, suggesting this could be a healthy correction within a longer uptrend.

Conclusion

osETH’s dip reflects natural profit-taking after parabolic gains, amplified by supply expansion and sector-wide risk-off sentiment. The 17.99% weekly gain and intact MACD momentum suggest this is likely a breather rather than trend reversal.

Key watch: Can osETH hold the $4,571 Fib support while Ethereum derivatives open interest hits $959B (+32.54% 24h)?