Key Takeaways:
ETH staking has reached an unprecedented 34.65 million, accounting for nearly 29% of the total supply.
The BlackRock ETH Trust has recorded an impressive 23 consecutive days of inflows, highlighting strong institutional demand.
Although ETH’s price surged to a 12-day high, it is facing resistance at $2,700, with indications of waning momentum.
Ethereum staking has attained a new peak, with the total amount of Ethereum locked on the Beacon Chain reaching a record 34.65 million ETH as of Sunday.
This increase coincided with ETH rising to a 12-day price high of $2,700, reigniting interest in the underlying fundamentals of the network.
Data from Beaconcha.in indicates that while staking levels remained above 33 million ETH for most of the previous year, they began to rise again starting early June.
BlackRock’s ETH Trust Sees 23-Day Inflow Streak
This uptick in staking aligns with escalating institutional interest. BlackRock’s iShares Ethereum Trust (ETHA) has now reported 23 straight trading days of inflows, underscoring continued demand.
Simultaneously, the potential for spot Ether ETFs that include staking components 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 filing from REX Shares indicates that ETF products related to staked ETH could become available in the market soon, pending regulatory approval from the U.S. Securities and Exchange Commission.
Data from Dune Analytics and Ultrasound.Money supports this surge, showing between 34.7 and 34.8 million ETH staked, which represents nearly 29% of the total circulating supply.
Increased staking levels are typically seen as a marker of long-term commitment.
Rather than opting to sell, holders are choosing to lock in yields, which tightens the liquid supply and may pave the way for upward price pressure.
Ethereum Hits Highest Level Since May
Over the past 24 hours, ETH has risen more than 8%, reaching its highest level since late May.
Currently, Ethereum is trading at $2,673, having retraced slightly from an intraday peak of $2,707.
The short-term trend appears bullish, although there are early signs of momentum exhaustion indicated by key metrics.
On the 2-hour chart, ETH has tested resistance around $2,700 for the fourth time this month, yet has struggled to break through this barrier convincingly.
The Relative Strength Index (RSI) is approaching overbought levels at 69, suggesting that buying pressure might be tapering off. Meanwhile, the Moving Average Convergence Divergence (MACD) remains bullish but is flattening, hinting at a near-term slowdown.
When examining the 30-minute timeframe, ETH briefly touched the upper Bollinger Band at $2,742 before retreating. The RSI temporarily exceeded 72, indicating short-term overheating.
However, the bullish MACD crossover remains intact, and the price is sustaining above the mid-band at approximately $2,673, providing a crucial support level.
On the 1-minute chart, a sharper pullback was noted, with the RSI falling below 30, signaling a brief oversold condition. The MACD also shifted to bearish, reflecting short-term profit-taking following the recent price increase.
ETH’s bullish structure remains intact, and traders should keep an eye on the $2,700 resistance and $2,660 support.
A decisive breakout above $2,707 could catalyze further upward movement, while a failure to maintain above $2,660 might lead to deeper consolidation.
With ETH staking at unprecedented levels and institutional inflows remaining strong, the focus now shifts to whether this current rally can be sustained, or if additional catalysts are required to breach resistance and test higher price levels.
The post Staked Ethereum Hits All-Time High as Institutions Quietly Accumulate — Will It Fuel the Next ETH Rally? appeared first on Finance Newso.
