Ethereum Breakout Looms as Staking Hits Record and Price Tests Key Resistance
Ethereum is making headlines again — and this time, it’s not just about price.
• Over 34.6 million ETH are now staked on the Beacon Chain, accounting for nearly 29% of the total circulating supply.
• This rise in staking activity reflects confidence in Ethereum’s long-term value, especially as more holders opt to earn yield instead of selling.
• BlackRock’s ETH Trust (ETHA) continues to accumulate ETH with no outflows for 23 consecutive trading days, signaling strong institutional conviction.
• Meanwhile, ETF anticipation is building: recent filings hint that staking-enabled Ether ETFs could be approved in the coming weeks.
• On the price front, ETH surged over 8% to $2,700, the highest level since May 29. This price has acted as strong resistance, touched four times in the last month.
What’s next?
• If ETH breaks and holds above $2,700, analysts forecast upside toward $3,100–$3,500 in the short term.
• Sustained institutional inflows and ETF optimism could fuel further gains, especially if total staked ETH continues to rise.
Ethereum’s fundamentals and price action are aligning — and market participants are watching closely to see if it finally breaks out of the current range.
