Ethereum users have pledged 28.9% of the supply, which is seen as a long-term confidence signal

According to IntoTheBlock, 28.9% of the ETH supply is currently staked, compared to 23.8% in January. And 15.3% of the staked ETH tokens have been staked for more than three years. The data is considered a strong signal of confidence in the long-term future of Ethereum.