Ethereum Staking Surges To Record Levels

After reclaiming the $2,700 mark—a level not seen in nearly two weeks—Ethereum has hit another major milestone: a record amount of ETH locked in staking.

According to Beacon Chain, the total amount of Ethereum staked reached 34.65 million ETH, surpassing the previous record set in November 2024. The number had remained relatively stable above 33 million for the past year but began to rise again in June, signaling renewed confidence from long-term holders.

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This trend indicates that more investors prefer staking rewards over potential short-term gains, opting to hold their Ethereum rather than sell at current prices.

Nearly 30% Of Circulating Supply Staked

Both Dune Analytics and Ultrasound.Money confirm that the total staked Ethereum has climbed to around 34.8 million ETH, representing roughly 28.7% of the current 120.8 million ETH circulating supply.

This record coincides with growing anticipation around the potential approval of spot Ethereum ETF staking in the U.S. REX Shares recently submitted a proposal that employs regulatory workarounds, suggesting we might see ETF-based staked ETH products launched in the coming weeks.

Institutional Demand And Price Movement Align

Institutional activity is also ramping up. BlackRock’s iShares Ethereum ETF (ETHA) has logged 23 consecutive trading days without a single outflow, reflecting bullish sentiment in anticipation of regulatory clarity.

The price of Ethereum surged more than 8% on Tuesday, touching $2,700 for the first time since May 29. This level has acted as a resistance point four times in the past month, so a breakout here could signal the beginning of a new upward trend.

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The post Ethereum Hits $2.7K As Staking Reaches All-Time High appeared first on Coin Engineer.