Ethereum (ETH) Hits All-Time High Again, But Not What You Think

Key Insights:

• Ethereum’s (ETH) staked volume has hit a 35 million ETH milestone.
• Ethereum whale accumulation addresses hit new highs as holders turn bullish.
• Technical indicators signal a potential Ethereum price rally to $3,000.

Ethereum (ETH), the leading altcoin, has achieved a new milestone: It has hit an all-time high (ATH) in an important metric.

As highlighted by CryptoQuant, an on-chain analytical platform, Ethereum has hit a new ATH of 35 million ETH locked in staking addresses.

Ethereum (ETH) Staking Milestone: Proper Vote of Confidence

The development suggests increasing investor confidence and long-term strength of the Ethereum network.

Notably, staking involves locking up Ethereum to help secure the network, while users who stake earn rewards.

With over 35 million Ethereum staked, holders are committing ETH for the long term and betting on Ethereum’s future.

Their action, in addition to signaling confidence, also contributes to reducing the circulating supply. This could reduce selling pressure and potentially support Ethereum’s value boost.

It is worth mentioning that over 500,000 ETH were staked in June alone, pushing the total locked amount to 35 million ETH.

This increase, occurring amid continued price volatility, emphasizes Ethereum holders’ confidence in the asset.

These investors staking their coins have demonstrated huge conviction in the asset’s recovery potential.

Ethereum Accumulation Soars to New Highs

Besides the staking metric, there has also been an upsurge in accumulation addresses. That is, Ethereum holders have a history of not selling their holdings.

According to data, the accumulation wallet addresses have also hit a new ATH, as they collectively hold 22.8 million ETH.

This indicates that the holders continue to buy Ethereum and hold on to it even when the price rises or falls.

It highlights the level of belief that these strong holders have in Ethereum. Regardless of price movement, the goal of accumulation remains the focus.

The resilient behavior of these investors suggests that Ethereum is maturing, as their sentiment points to a long-term bullish disposition.

Meanwhile, Ethereum whales accumulate more ETH daily. The total accumulation is well over 800,000 ETH over the last seven days.

As per Glassnode data, the cumulative Ethereum balance in these whale wallets is over 14.3 million ETH.

For instance, on June 12, 2025, Ethereum whales added 871,000 ETH in just one day. The figure represents the highest net inflow of Ethereum into whale wallets, year-to-date.

For clarity, this volume of whale accumulation has not been recorded in the industry since 2017, a year in which the crypto market registered a major bull run.

This aggressive whale accumulation can trigger a price rally, as whales generally increase asset accumulation before a bullish breakout.

The signals suggest Ethereum could be on the verge of a big price breakout in the coming days.

Ethereum (ETH) Price Eyes $3,000, Big Breakout In View?

As of this writing, the ETH price was exchanging at $2,548.31, representing a 2.68% decrease in the last 24 hours.

Although Ethereum breached the $2,600 level in earlier trading to peak at $2,680.09, it soon faced rejection due to market volatility.

Nevertheless, investors are intensely transacting the coin with trading volume up by a significant 22.24% to $24.46 billion within the same time frame.

As The Coin Republic reported, Ethereum whales defying market volatility to increase their holdings could support ETH’s rebound to $3,000.

If Ethereum should break out above $2,900, technical indicators show this could support its movement towards $3,600 or higher in the coming weeks.

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