Ethereum Staking Hits All-Time High: Over 35 Million ETH Locked Up

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Ethereum Staking: The New Gold Rush? 💰

Ah, Ethereum! The darling of the digital currency world has just achieved a rather impressive feat — over 35 million ETH are now snugly locked away in staking. One can only imagine the jubilant celebrations in the virtual halls of crypto enthusiasts as they watch 500,000 ETH being staked in a mere fortnight. It appears confidence in the network is as high as a kite on a breezy day! 🎈

But, dear reader, one must ponder: what does this mean for Ethereum’s price? 🤔

Over 35 Million ETH Now Staked

According to the ever-reliable data from the on-chain analytics oracle, CryptoQuant, the first half of June saw a staggering addition of over 500,000 ETH to Ethereum’s staking contract. This little surge has catapulted the total staked amount to an all-time high of over 35 million ETH. Quite the achievement, wouldn’t you say? 🏆

Ethereum Hits ATH in Staking: Over 35 Million ETH Locked

“Alongside this, Accumulation Addresses (holders with no history of selling) have also reached an all-time high, now holding 22.8 million ETH.” – By @onchainschool

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— CryptoQuant.com (@cryptoquant_com) June 17, 2025

This is no trifling matter, for staking effectively locks up coins, whisking them away from circulation. With fewer ETH available for trading, the liquid supply dwindles, potentially creating a delightful upward price pressure, especially if demand decides to join the party. 🎉

Long-Term Holders Aren’t Selling

Another delightful signal comes from our friends, the accumulation addresses — those wallets that have never dared to sell a single ETH. According to the on-chain data, these addresses now hold a record-breaking 22.8 million ETH. Talk about commitment! 💍

This suggests that a significant cohort of Ethereum holders are not merely optimistic — they’re in it for the long haul. They’re not swayed by the whims of the market or tempted to take profits. No, they’re quietly amassing their fortunes and biding their time. Patience, dear friends, is a virtue! ⏳

Ethereum Price Holding Steady

As for Ethereum’s price, it’s holding steady above a rising support line near $2,556, indicating that buyers are still lurking about. If the price manages to break past $2,660, it could swiftly ascend toward $2,720. A robust push above that level might even catapult ETH to a dazzling $2,800 in the short term. 🚀

However, should Ethereum fail to breach the $2,500 mark, we might witness a descent back down. In such a case, ETH support hovers around $2,460, waiting patiently like a cat at a mouse hole. 🐱

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2025-06-17 16:57