Ethereum shows signs of regaining market leadership, with a key cycle indicator turning to "dominant," signaling the potential for a strong upward move. This shift coincides with staking levels reaching a new all-time high, now accounting for 47% of the supply, reducing the available circulating ETH and boosting ecosystem development momentum. Although the US spot ETH ETF plan to include staking features may further stimulate demand, recent tariff hikes have dampened market sentiment, causing the Coinbase Premium Index to decline and potentially pushing ETH prices below a key resistance trendline in the short term.