Staked Ethereum has achieved a new milestone with its price reaching a 12-day high due to significant institutional accumulation. The amount of Ether staked on the Beacon Chain hit a record high of 34.65 million ETH, surpassing the previous peak in 2024. This increase in staking indicates that more holders are opting for staking rewards instead of selling at current levels. Analysts anticipate the approval of spot Ether ETF staking by the US SEC, with expectations of Ether ETFs debuting soon. Despite Ethereum's price performance, which has seen a modest 50% gain over two years, the amount of Ethereum staked has surged by 77%. The recent price surge to $2,700, the highest since May, signals a potential breakout if the resistance at this level is breached. Institutional interest, such as BlackRock's continuous accumulation, further strengthens Ethereum's position in the market. Read more AI-generated news on: https://app.chaingpt.org/news

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