Ethereum reaches a record milestone: Over 35 million ETH is locked in staking
Ethereum has recently established an important milestone in the cryptocurrency field — over 35 million ETH has been locked in staking activities. The spike, with over 500,000 ETH being staked in just two weeks, shows an increasing trust in this network. Long-term investors have begun to hoard ETH without selling a single coin. This information reflects the stability and potential growth ability of Ethereum in the future.
Over 35 million ETH locked, a sign of positive market sentiment
According to data from reputable on-chain analytics firms, in the first half of June, more than 500,000 ETH was added to Ethereum's staking contract. As a result, the total amount of ETH locked has exceeded 35 million, a new record in the history of staking activities. This limits the amount of ETH circulating in the market, reducing liquidity supply, thereby creating favorable conditions for the value of ETH to grow if demand increases.
Long-term investors who do not sell explain the sustainable market psychology
Another positive signal comes from the accumulation addresses — wallets that have never sold ETH. According to on-chain data, these wallets hold a record 22.8 million ETH. This demonstrates that the long-term investor group is not only optimistic about Ethereum's potential but also steadfast in maintaining their position. They do not react to short-term market fluctuations but focus on building a long-term investment portfolio.
Ethereum's price maintains stable momentum, upward trend is possible
The price of ETH is currently maintaining above the increasingly rising support line near $2,556, indicating that buying activity remains strong. If it breaks the $2,660 level, the likelihood of ETH quickly heading towards $2,720 is very clear. A further push could bring the price of ETH to $2,800 in the short term. Conversely, if ETH fails to hold the support level of $2,460, the price may adjust downward to this level.
Conclusion: Investing in ETH is becoming more attractive than ever
Overall, strong staking activity, the number of long-term investors holding ETH without selling, and stable price trends are all positive signals for the cryptocurrency market. Ethereum not only maintains its position as the leading smart contract platform but also thrives in the context of growth and strong cash flow. Certainly, this is the right time for investors to consider expanding their portfolios and closely monitor ETH market developments in the coming days.
Source: https://tintucbitcoin.com/khoa-eth-vuot-35-trieu-bi-mat-dang-sau-da-tang/
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