Ethereum (ETH) has surged over 8% in the past 48 hours, climbing from $2,400** on July 1 to **$2,600 at press time. This rally coincides with record-breaking liquid staking activity and growing accumulation by institutional investors—key indicators that ETH's price may be poised for further gains.
Key Ethereum Metrics Signal Strong Investor Confidence
1. Liquid Staking Growth
- June 1–30: Staked ETH increased from 34.54M to 35.52M (+1M ETH).
- July 1 ATH: 35.56M ETH locked in liquid staking protocols.
Major beneficiaries include DeFi platforms like:
👉 Lido Finance and Binance Liquid Staking, which offer scalable staking solutions for institutional players.
2. Accumulation Addresses Near ATH
- June Growth: Addresses holding ETH long-term rose 35.97% (16.72M to 22.74M).
- Profit Margin: Average acquisition cost ($2,114) vs. current price ($2,593) = 22.65% ROI.
"Accumulation addresses reflect strong holder conviction," notes CryptoQuant analyst Carmelo Aleman.
Will ETH Price Follow the Momentum?
Technical Outlook
- Broadening Wedge Breakout: Analysts project a potential rise to $4,200** if ETH sustains above **$2,200 support.
- Risk Scenario: A drop below $2,200** could trigger a decline toward **$1,160.
Institutional Interest
- ETF & Fund Activity: Growing ETH acquisitions mirror Bitcoin’s "MicroStrategy effect."
- Tom Lee & Joe Lubin: Publicly announced large-scale ETH accumulation plans.
FAQ: Ethereum Staking and Price Trends
Q1: How does liquid staking differ from traditional staking?
A1: Liquid staking lets users earn yield while retaining liquidity via tradable tokens (e.g., stETH).
Q2: Why are accumulation addresses important?
A2: They signal long-term holder confidence, reducing sell-side pressure.
Q3: What’s the minimum ETH price support level?
A3: $2,200 is critical; breaking it may lead to sharper declines.
Q4: Which protocols dominate Ethereum staking?
A4: 👉 Lido controls ~32% of staked ETH, followed by Coinbase (14%) and Binance (4%).
Conclusion
With staking at ATHs and accumulation rising, Ethereum showcases robust fundamentals. Traders should watch the $2,200–$2,600 range for breakout cues, while long-term holders benefit from staking yields and institutional tailwinds.