Total ETH staked more than doubled over the past year
While the price of ETH has declined by 51% YoY, the amount of staked ETH has more than doubled: from 6.5M to 13.4M.
Aug 30th 2022
Source: Dune, Etherscan
Because staking is high risk, the vast majority of ETH remains unstaked, but when withdrawals are unlocked (scheduled for 2023, after the merge), yield play might be the safest macro play.