Yes, ETH staking can be profitable. Staking rewards are influenced by several factors, including the amount of ETH staked, the total amount of ETH staked across the network, and the validator’s performance. Historically, staking rewards have ranged from 4-10% annual percentage yield (APY). For example, staking 32 ETH at an average APY of 5% could yield approximately 1.6 ETH annually. However, profitability also depends on the price of ETH and maintaining high validator uptime to avoid penalties. Recent data shows strong participation in staking, indicating confidence in its profitability and stability.