Ethereum's recent 40% price surge marks a turning point, rejuvenating investor sentiment and increasing the profitability of staked ETH coins.
This sharp growth has restored validators' confidence and may encourage more participation in the Ethereum network.
Reliable sources indicate that the positive financing rate for ETH, combined with strong balancing trading volume, reflects a robust market outlook, with a target price of $2,745 expected.
Ethereum's price surged 40%, restoring the profitability of staked ETH, boosting validators' confidence, and indicating strong market momentum with potential future targets.
After the market rebound, Ethereum staking tokens return to an upward trend
Recent data from CryptoQuant shows that staked ETH coins have been experiencing unrealized losses since March 3, 2025. At that time, the actual price of staked ETH was around $2,279, significantly below the market price that fell below that threshold.
However, as the ETH price broke above $2,279 on May 9, these staked assets finally turned profitable. This shift is crucial as it alleviates selling pressure from major holders, creating a more stable market environment.
As holders transition from losses to profits, their confidence in Ethereum's potential is rekindled, thus enhancing overall network participation. This typically also reduces selling pressure, as stakeholders are more motivated to continue holding staked assets rather than liquidating them.
Additionally, the financing rate in the Ethereum derivatives market is 0.001%, indicating that futures traders are increasingly willing to pay a premium for long positions. The rising demand for leveraged exposure further confirms the market's bullish outlook for ETH.
The combination of staking profitability and increased demand in the derivatives market paints a hopeful picture for Ethereum's short-term price trends.
Surging trading volume drives ETH higher
Ethereum's balancing trading volume (OBV) has risen to 26.05 million, indicating a significant increase in demand. This momentum indicator reflects enhanced trading activity, suggesting that buying pressure is on the rise.
Historically, the rise of OBV indicates a higher likelihood of sustained price increases. If this trend continues, analysts estimate that ETH could approach a target price of $2,745, further solidifying its market position.
However, it is necessary to remain vigilant; if sellers regain dominance, prices could drop to $2,424. If this support level fails, a more severe decline could lead prices to plummet to $2,243.
In summary, Ethereum's recovery has not only restored the profitability of staked ETH but also revitalized confidence in the network. With strong growth in positive financing rates and balance trading volume, ETH appears poised for further increases. Investors should continue to monitor market dynamics, especially support levels that may signal potential price corrections.