Chart Mode:
OVERVIEW:
| Time Frame: | 15m | 1h | 4h | 24h | 1W |
|---|---|---|---|---|---|
| Golden Cross: | None | None | 27/04/2025 20:00 (UTC) | None | None |
| Death Cross: | 18/05/2025 23:00 (UTC) | 18/05/2025 05:00 (UTC) | None | 01/03/2025 00:00 (UTC) | None |
| Signal: | SELL | SELL | SELL | BUY | NEUTRAL |
| Change: | %-0.511 | %-0.342 | %-0.814 | %-4.71 | %-4.71 |
| RSI: | 38.08 | 37.11 | 39.52 | 59.36 | 49.66 |
| RSI DIV.: | %3.62 | %0.94 | %0.25 | %-2.65 | %2.14 |
| BB State: | 0.41% above lower band | 2.48% above lower band | 0.44% above lower band | -18.74% below upper band | -30.86% below upper band |
| Pattern: | Three Outside Up/Down (19/05/2025 05:15) |
None | Engulfing Pattern (18/05/2025 12:00) |
Matching Low (16/05/2025 00:00) |
Three Outside Up/Down (31/03/2025 00:00) |
INFO:
| Symbol / Name: |
 WBETH / Wrapped Beacon ETH
|
|---|---|
| Rank: | 9 |
| Market Cap: | $5.87B |
| Volume(24 hours): | $3.08M |
| Circulating Supply: | 2.31M WBETH |
| Maximum Supply: | -- |
| Total Supply: | 2.31M WBETH |
| Launch Date: | 2023-04 |
| Website: | https://www.binance.com/en/wbeth |
| Twitter: | https://twitter.com/binance |
| About: |
WBETH is a liquid staking token, where 1 WBETH represents 1 ETH and the total staking rewards accrued by the ETH token on ETH Staking.WBETH will allow users to obtain immediate liquidity and participate in DeFi projects, while ensuring their eligibility to receive the corresponding ETH Staking rewards accrued.On-chain users can stake their ETH to obtain WBETH by interacting with the official smart contract provided by Binance. Binance users can wrap their BETH tokens to WBETH, and unwrap their WBETH to BETH tokens on the Binance ETH Staking page at zero fees. Wrapped Beacon ETH (WBETH) serves as a cryptocurrency that encapsulates the value of staked ETH along with the staking rewards it accrues, making it a tradable and transferable asset. This innovative approach allows holders to enjoy the benefits of staking rewards while maintaining liquidity, a feature particularly appealing in the dynamic DeFi ecosystem. Essentially, WBETH represents a 1:1 value with ETH staked on the Ethereum network, including the total rewards earned through staking.The creation of WBETH was motivated by the desire to enhance liquidity and flexibility for ETH stakers. Traditionally, staked ETH would be locked up, rendering it immobile and unusable in other financial activities. However, with WBETH, users can stake their ETH and receive an equivalent amount of WBETH, which they can then trade, sell, or use in various decentralized finance (DeFi) applications without sacrificing their staking rewards. This process is facilitated through interactions with a designated smart contract, ensuring a seamless and secure transaction.Furthermore, WBETH can be wrapped or unwrapped at no additional cost on certain platforms, providing users with a straightforward way to transition between staked ETH and a more liquid form of their investment. This feature significantly enhances the utility and attractiveness of WBETH, making it a compelling option for those looking to participate in staking and DeFi projects simultaneously.It's important for investors to conduct thorough research and understand the mechanisms behind WBETH, including its integration with various exchanges and DeFi applications, to fully leverage its potential benefits while being aware of the risks involved in cryptocurrency investments. Wrapped Beacon ETH (WBETH) is a representation of staked ETH in a 1:1 ratio, offering users the ability to participate in the Ethereum 2.0 staking mechanism while maintaining liquidity. This liquidity is crucial for engaging in decentralized finance (DeFi) projects without forfeiting potential staking rewards. The security of WBETH is multifaceted, relying on the underlying blockchain technology and the mechanisms of staking and smart contracts.Firstly, the staking process itself is a significant security feature. Users stake their ETH, which is then represented as WBETH, ensuring that the value of WBETH is backed by actual staked ETH. This process is facilitated by smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These contracts handle the conversion between ETH and WBETH, ensuring that for every WBETH in circulation, there is an equivalent amount of ETH staked in the Ethereum 2.0 network. The use of smart contracts minimizes the risk of fraud and error, as the contracts execute automatically based on predefined conditions, reducing the need for intermediaries.Moreover, the security of WBETH is also dependent on the platforms and wallets used to interact with these tokens. It is crucial to use secure and reputable exchanges or wallets when dealing with WBETH to mitigate risks such as hacking or phishing attacks. The selection of a platform with robust security measures in place is essential for safeguarding one's assets.In addition, the liquidity provided by WBETH allows users to remain active in the DeFi ecosystem, engaging in lending, borrowing, or trading, while their original ETH is staked and earning rewards. This dual benefit of earning staking rewards while participating in DeFi activities makes WBETH an attractive option for Ethereum holders.It's important for users to conduct thorough research and understand the mechanisms of WBETH, including the staking process and the role of smart contracts in securing transactions. While WBETH offers unique opportunities, like any investment, it comes with its own set of risks that should be carefully considered.
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