Ethereum is making headlines once again — but this time, it’s not just about price movements. The second-largest cryptocurrency by market cap has reached a new milestone in staking activity, with over 35 million ETH now locked up in its staking contract. This development, combined with growing accumulation by long-term holders, is fueling optimism that a major Ethereum rally could be just around the corner.
According to data from on-chain analytics platform CryptoQuant, more than 500,000 ETH were staked in the first half of June 2025 alone. This surge pushed the total staked ETH to an all-time high, underscoring the growing trust investors have in the long-term value and security of the Ethereum network.
Staking is a process where ETH holders lock up their coins to help secure the Ethereum blockchain and earn passive rewards. While it serves a crucial technical purpose, staking also removes coins from circulation. With fewer ETH available on the open market, the reduction in liquid supply can lead to upward pressure on the price—especially during times of increased demand.
But staking is only one part of the bullish picture.
Data also reveals that long-term holders—those with so-called accumulation wallets—are playing a significant role in Ethereum’s growing strength. These wallets have never sold a single coin, and they now hold a record 22.8 million ETH. This is a powerful indicator that seasoned investors are doubling down, building their ETH holdings quietly and patiently. It’s a signal of confidence and conviction, rather than speculative hype.
The behavior of these long-term holders suggests they’re anticipating more than just modest gains. They’re preparing for what could be a major price movement, likely in anticipation of further institutional adoption, improved scalability through Ethereum layer-2 networks, and an increasingly deflationary supply model post-merge.
On the technical side, Ethereum’s current market structure is also painting a hopeful picture. ETH is trading above a rising support line near $2,556, indicating that buyers are still present and accumulating at key levels. If the price breaks through the next resistance at $2,660, it could target $2,720 quickly. A strong breakout above that level might even push ETH to $2,800 in the near term.
However, if ETH struggles to hold above $2,500, the next significant support lies near $2,460. This would be the key area to watch for a potential bounce if selling pressure increases.
What’s more interesting is that this level of accumulation and staking is occurring even without extreme price volatility. In past market cycles, such moves were often triggered by dramatic news or hype-driven events. This time, the bullish signs are emerging from underlying network fundamentals and long-term investor behavior.
This shift reflects a maturing Ethereum ecosystem, where investor sentiment is increasingly tied to real network usage, reduced ETH supply, and staking yield potential rather than quick profits. As Ethereum continues to evolve—especially with upcoming upgrades and growing DeFi and NFT infrastructure—many believe this is just the beginning of a larger trend.
Some market watchers are also speculating that Ethereum could become a leading candidate for the next spot crypto ETF. With Bitcoin ETFs already in place, Ethereum’s growing staking numbers and institutional interest may provide the credibility regulators are looking for.
In short, Ethereum’s latest staking milestone and rising accumulation among strong hands are sending a clear message: confidence in ETH is rising, and a price breakout may be closer than most think.
Whether you’re a trader watching the charts or a long-term holder building your position, the data is aligning in Ethereum’s favor. While nothing is guaranteed in crypto, all signs point to a potentially explosive move in the near future—one driven by fundamentals, not FOMO.
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