- Ethereum staking has hit a record 34.8 million ETH, signaling rising investor confidence amid growing anticipation for staking-enabled spot ETFs.
- As ETH price surges past $2,760, strong momentum suggests a potential breakout above the $2,800 resistance level.
Ethereum Staking Reaches Historic Milestone
Ethereum is back in the spotlight—but this time, it’s not a protocol upgrade or memecoin frenzy making headlines. Instead, ETH staking has reached a record high of 34.8 million ETH, signaling powerful investor confidence and growing institutional interest.
According to Dune Analytics, this figure now represents 28.15% of Ethereum’s circulating supply, the highest ever recorded. Notably, staking activity had plateaued above 33 million ETH for months before surging sharply in June. This trend marks a significant vote of confidence in Ethereum’s long-term potential as a yield-generating asset.
Also read: TRON (TRX) Price Prediction: Whale Accumulation and Network Growth Signal Potential Breakout in 2025
ETF Buzz Heats Up as Institutions Eye Ethereum
This spike in staking comes amid growing optimism about spot Ethereum ETFs that include staking capabilities. The U.S. SEC is widely expected to approve such products soon, possibly within weeks.
ETF issuer REX Shares has already filed using regulatory workarounds, setting the pace for others. Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) continues to accumulate ETH—clocking 23 consecutive trading days with no outflows, a strong indicator of institutional conviction.
If approved, these ETFs could make staking more accessible to traditional investors, transforming Ethereum into an even more attractive, institutional-grade asset.
ETH Price Surges, Aims for $2,800 Breakout
Ethereum’s price action is now aligning with its on-chain strength. ETH surged over 8% in the past 24 hours, trading around $2,768 at press time. Technical indicators support continued upside:
- RSI at 65.39 indicates growing momentum, but is close to the overbought zone.
- On-Balance Volume (OBV) is rising, suggesting increasing buying interest.
- Higher lows and strong daily candles signal bullish continuation.
If bulls maintain this momentum, a breakout above $2,800 resistance could lead to a push toward $2,900 in the near term. However, short-term traders should be cautious of potential pullbacks if RSI pushes too high
With staking hitting record levels and ETF excitement building, Ethereum appears to be entering a pivotal phase. Whether you’re a long-term holder or a short-term trader, all eyes are now on ETH’s next move—and the signs are pointing upward.
