Ethereum Staking Soars to Record Highs – Is a Massive ETH Rally Imminent?

Ethereum''s staking ecosystem just smashed through another milestone—locking up more value than ever before. With billions now parked in the Beacon Chain, traders are whispering about a potential supply squeeze.

Bullish signals flashing? The network''s proof-of-stake shift has turned ETH into a yield-bearing asset, and institutions are finally paying attention. But let''s not pop champagne yet—Wall Street''s ''crypto experts'' still think staking is a type of steakhouse order.

Will this surge in staked ETH trigger the next leg up? Or is the market just front-running another ''buy the rumor, sell the news'' cycle? One thing''s certain: the merge was just the appetizer.

Staked ETH hits all-time high

Ethereum staking has surged to unprecedented levels, with 34.65 million ETH locked on the Beacon Chain as of the 8th of June, a new all-time high, surpassing the previous peak set in November 2024.

Source: beaconcha.in

At press time, a Dune Analytics dashboard reported an even higher figure – 34.8 million ETH staked, representing approximately 28.15% of Ethereum’s circulating supply.

Source: Dune Analytics

Notably, staking activity had remained flat above 33 million ETH for much of the past year but began trending upward again this June.

Spot ETH staking ETFs on the horizon?

The record surge in staked ETH comes amid growing anticipation for spot Ethereum ETFs that include staking – a move that could redefine institutional participation.

The U.S. SEC is expected to greenlight staking-enabled ETH ETFs soon, with analysts predicting launches within weeks.

Source: X

ETF issuer REX Shares has already filed using regulatory workarounds, paving the way for others to follow.

Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) continues its accumulation streak, clocking 23 straight trading days without a single outflow.

If approved, staking ETFs could further solidify Ethereum’s appeal as both a yield-generating and institutional-grade asset.

ETH eyes 2.8K as momentum builds

Ethereum has climbed over 8% in the past 24 hours, trading at $2,768 at press time.

Bullish candles on the daily chart show strong upside momentum, backed by a rising RSI of 65.39; just shy of the overbought zone. OBV was also climbing, suggesting healthy buying interest.

Source: TradingView

With consistently higher lows and growing volume, ETH appears poised to test the $2,800 resistance. If bulls maintain pressure, a breakout toward $2,900 isn’t off the table.

However, short-term traders should watch for pullbacks if RSI crosses into overbought territory.