Staked Ethereum Reaches Record Level as Institutions Gradually Accumulate — Could This Spark the Next ETH Surge?

Key Takeaways:

• ETH staking reached an unprecedented level of 34.65 million, securing nearly 29% of the total supply.
• BlackRock’s ETH Trust experienced 23 consecutive days of inflows, indicating robust institutional interest.
• ETH price rose to a 12-day peak but encounters resistance at $2,700 amid indications of momentum fatigue.

Ethereum staking has achieved a significant milestone, with the total ETH locked on the Beacon Chain rising to a historic high of 34.65 million on Sunday.

This development coincided with ETH reclaiming a 12-day peak of $2,700, igniting renewed interest in the network’s underlying fundamentals.

As reported by Beaconcha.in, staking levels remained above 33 million ETH for much of the previous year but began to increase again in early June.

BlackRock’s ETH Trust Experiences 23-Day Inflow Streak

The increase comes amid a rise in institutional interest. BlackRock’s iShares Ethereum Trust (ETHA) has now documented 23 consecutive trading days without any outflows, indicating persistent demand.

Additionally, the possibility of spot Ether ETFs incorporating staking elements is gaining momentum.

ICYMI: Over $20 billion worth of ETH is staked via @LidoFinance. pic.twitter.com/ZKKq8FKJYZ

— Token Terminal (@tokenterminal) June 9, 2025

A recent submission from REX Shares indicates that ETF products linked to staked ETH could be introduced to the market within weeks, contingent on regulatory approval from the U.S. Securities and Exchange Commission.

Data from Dune Analytics and Ultrasound.Money supports the increase, with figures ranging from 34.7 to 34.8 million ETH staked, representing nearly 29% of the total circulating supply.

Elevated staking levels are generally interpreted as a sign of long-term confidence.

Instead of selling, holders are choosing to secure yield, tightening liquid supply and potentially paving the way for upward price pressure.

Ethereum Reaches Highest Level Since May

ETH has risen over 8% in the last 24 hours, achieving its highest level since late May.

Currently, Ethereum is trading at $2,673 after a slight retreat from an intraday peak of $2,707.

The short-term trend remains positive, although momentum is showing initial signs of fatigue across key indicators.

On the 2-hour chart, ETH tested resistance near $2,700 for the fourth time this month, failing to break above convincingly.

The RSI is hovering around overbought levels (69), indicating that buyers may be losing momentum. The MACD remains bullish but is flattening, which could suggest a near-term slowdown.

Looking at the 30-minute timeframe, ETH reached the upper Bollinger Band at $2,742 before retracting. The RSI briefly crossed 72, indicating short-term overheating.

Nonetheless, the bullish MACD crossover remains intact, and the price is maintaining above the mid-band near $2,673, providing a crucial support level.

On the 1-minute chart, a sharper pullback was noted, with the RSI falling below 30, suggesting a brief oversold condition. The MACD also turned bearish, reflecting short-term profit-taking following the recent surge.

In conclusion, ETH’s bullish structure remains intact, but traders should keep an eye on the $2,700 resistance and $2,660 support.

A breakout above $2,707 could initiate the next upward movement, while failure to maintain above $2,660 may lead to deeper consolidation.

With ETH staking at record levels and institutional inflows remaining strong, focus now shifts to whether the current rally can be sustained — or if additional catalysts are required to surpass resistance and revisit higher levels.

The post Staked Ethereum Hits All-Time High as Institutions Quietly Accumulate — Will It Fuel the Next ETH Rally? appeared first on Cryptonews.