Ethereum has reached a significant achievement, surpassing 35 million ETH staked, reflecting growing confidence in the network and the activity of long-term investors.
Over 35 Million ETH Staked
According to data from analytics firm CryptoQuant, over 500,000 ETH were added to Ethereum’s staking contract in just the first half of June. This pushed the total staked amount to an all-time high of over 35 million ETH.
This is significant because staking locks up coins, taking them out of circulation. With fewer ETH available for trading, the liquid supply drops, and that could create upward price pressure, especially if demand increases.
Long-Term Holders Aren't Selling
Another strong signal comes from accumulation addresses — these are wallets that have never sold any ETH. According to on-chain data, these addresses now hold a record 22.8 million ETH.
This suggests that a large group of Ethereum holders are not just bullish — they’re in it for the long run. They’re not taking profits or reacting to short-term market moves. They’re quietly building their stack and waiting.
Ethereum Price Holding Steady
Ethereum price is holding steady above a rising support line near $2,556, indicating that buyers are still active. If the price manages to break past $2,660, it could quickly climb toward $2,720. A strong push above that level might even take ETH to $2,800 in the short term.
However, if Ethereum fails to move above $2,500, it might fall again. In that case, ETH support is around $2,460.
The increase in staked ETH and the activity of long-term holders indicate a positive sentiment in the Ethereum market. However, price fluctuations remain a key concern, with future movements dependent on whether ETH can break through critical support and resistance levels.
