Ethereum 2.0 validators earn 0.002792 ETH per day

Ethereum 2.0 validators currently earn 0.002792 ETH per day. According to the data from the Flipside Crypto team, using an ETH fee rate of $613, this amount translates to approximately $1.71 in profit per day. The Flipside Crypto team shared their observations on the earnings of validators on Ethereum 2.0 through the following tweet and attached chart.

#Ethereum 2.0 validators currently earn $0.002792 ETH per day, which is $1.71 at the time of writing.

— Flipside Crypto (@flipsidecrypto) December 21, 2020

0.002792 ETH per day = 3.2% annual interest

Assuming that each Ethereum 2.0 validator holds 32 ETH, 0.002792 ETH means a daily interest of 0.008725%. When this amount is compounded over a year, each Ethereum 2.0 validator holding 32 ETH will earn an annual interest rate of approximately 3.2%.

However, the ETH2.0 Calculator Telegram group has developed a more precise method for calculating Ethereum 2.0 rewards via a publicly available online spreadsheet.

Ethereum continues to hold support at $600

As mentioned earlier, Ethereum is trading at $613, having previously hit a two-year peak of $675 on Dec. 17. A brief look at the daily Ethereum chart shows that Ethereum is correcting, with the $600 price area providing ample short-term support.

Ethereum’s fate is tied to that of Bitcoin. Therefore, Ethereum holding $600 depends on whether Bitcoin experiences sideways movement or continues its bullish climb above $24,000. If Bitcoin corrects by dropping to the $20,000 price area, Ethereum will lose the $600 support area and could enter the lower $500 levels.