Ethereum Staking Hits New Peak as ETH Reclaims $2.7K

The amount of Ether locked in staking contracts has reached a new all-time high, reflecting growing investor confidence as ETH’s price climbs back above $2,700.

Ethereum Staking Close to 30% of Circulating Supply

The total amount of staked ETH hit a record 34.65 million on Sunday, according to data from Beaconcha.in, surpassing the previous peak set on November 10, 2024. The increase comes amid a broader market uptick and signs of rising institutional interest in Ethereum.

Staking activity had remained relatively steady, hovering above 33M ETH throughout the past year. However, June marked a renewed upward trend in deposits to the Beacon Chain.

This higher level of staking suggests that more Ethereum holders are opting to lock their tokens in return for yield rather than sell at current price levels.

“This trend not only signals growing investor confidence in Ethereum’s future, but it also creates structural support for price appreciation by constraining sell-side pressure. From a network perspective, increased staking participation enhances security and reinforces Ethereum’s position as the dominant smart contract platform.”

Dominick John, Analyst at Kronos Research

Almost One-Third of All ETH Is Now Staked

Data from Dune Analytics puts the current figure even higher, reporting 34.8 million ETH staked as of Monday. Ultrasound.Money shows a similar number at 34.7 million. That’s roughly 28.7% of Ethereum’s 120.8 million circulating supply.

The rise comes as ETH issuance turned inflationary again earlier this year, further increasing the importance of staking in maintaining network security and yield opportunities for long-term holders.

Spot ETH Staking ETFs on the Horizon?

The surge in staking coincides with growing anticipation around the potential approval of spot Ether ETFs that include staking capabilities — a development that could open the door for more traditional investors to participate in network validation.

ETF provider REX Shares recently filed for such a product, employing what analysts describe as regulatory workarounds to allow staking in a spot ETF structure. Market watchers suggest the first wave of Ether staking ETFs could debut within weeks, pending approval from the U.S. Securities and Exchange Commission.

BlackRock’s iShares Ethereum Trust (ETHA) has also shown strong demand, posting 23 consecutive trading sessions without outflows, according to data from Farside Investors — a potential signal of sustained institutional appetite for ETH exposure.

ETH Price Rebounds to Two-Week High

Despite broader market volatility and a muted performance compared to its previous bull market highs, Ether’s price has steadily climbed. ETH surged over 8% on Tuesday to reach $2,700 — its highest level since May 29.

The $2,700 level has acted as resistance multiple times over the past month. Breaking and holding above it could signal renewed bullish momentum for the world’s second-largest cryptocurrency by market cap.