- Ethereum staking hits record 34.8 million ETH as ETF anticipation boosts institutional confidence.
- ETH price surges 8%, eyes $2,800 resistance amid strong momentum and rising buying interest.
Ethereum [ETH] is making headlines once again, but this time, it’s not about price action or protocol upgrades.
Nearly 30% of ETH’s circulating supply is now staked, a record high that is indicative of investor confidence and growing institutional participation.
As anticipation builds around potential spot Ethereum ETF staking, this shows a maturing ecosystem where long-term commitment is increasingly rewarded.
Staked ETH hits all-time high
Ethereum staking has surged to unprecedented levels, with 34.65 million ETH locked on the Beacon Chain as of the 8th of June, a new all-time high, surpassing the previous peak set in November 2024.
Source: beaconcha.in
At press time, a Dune Analytics dashboard reported an even higher figure – 34.8 million ETH staked, representing approximately 28.15% of Ethereum’s circulating supply.
Source: Dune Analytics
Notably, staking activity had remained flat above 33 million ETH for much of the past year but began trending upward again this June.
Spot ETH staking ETFs on the horizon?
The record surge in staked ETH comes amid growing anticipation for spot Ethereum ETFs that include staking – a move that could redefine institutional participation.
The U.S. SEC is expected to greenlight staking-enabled ETH ETFs soon, with analysts predicting launches within weeks.
Source: X
ETF issuer REX Shares has already filed using regulatory workarounds, paving the way for others to follow.
Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) continues its accumulation streak, clocking 23 straight trading days without a single outflow.
If approved, staking ETFs could further solidify Ethereum’s appeal as both a yield-generating and institutional-grade asset.
ETH eyes 2.8K as momentum builds
Ethereum has climbed over 8% in the past 24 hours, trading at $2,768 at press time.
Bullish candles on the daily chart show strong upside momentum, backed by a rising RSI of 65.39; just shy of the overbought zone. OBV was also climbing, suggesting healthy buying interest.
Source: TradingView
With consistently higher lows and growing volume, ETH appears poised to test the $2,800 resistance. If bulls maintain pressure, a breakout toward $2,900 isn’t off the table.
However, short-term traders should watch for pullbacks if RSI crosses into overbought territory.
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