June was a landmark month for Ethereum, with accumulation and staking volumes reaching historic levels. Despite some price fluctuations, long-term holders and institutional investors are showing confidence in their investments.
Ethereum Accumulation: June Records
According to a CryptoQuant analysis, Ethereum's accumulation addresses, or wallets with minimal outflows, increased their holdings from 16.73 million ETH to 22.75 million ETH during June, representing a 35.97% growth and marking the highest monthly gain for this wallet category.
Growing Interest in Staking
The amount of ETH staked on platforms such as Lido and Binance rose from 34.55 million to 35.56 million during the month, indicating growing interest in staking from institutional or long-term investors. Many of these addresses likely prefer to generate yield while awaiting potential gains.
Price Analysis and Forecasts
As of now, Ethereum is trading at $2,596, up 6% in the past 24 hours. While it has bounced back, current price analysis suggests further growth potential, especially if ETH can break above the $2,600–$2,640 resistance level. Key support levels are at $2,450 and $2,280.
June has been successful for Ethereum, with record accumulation and staking figures that indicate long-term investors' confidence. Current price and technical analysis suggest that Ethereum may continue its upward trend in the near future.
