Ethereum Soars 50% Amid ETF Staking Optimism: What’s Next for ETH?
Ethereum (ETH) has experienced a remarkable 50% surge in just one month, climbing from $1,800 to $2,714 as of May 29, 2025. This bullish momentum is fueled by growing Optimism around the potential regulatory approval for staking within Ethereum ETFs. Joe Lubin, co-founder of ConsenSys, has expressed strong confidence that issuers will secure SEC approval by May 2025, further electrifying the market. The psychological shift among investors is evident, with many now pivoting their focus from Bitcoin to Ethereum. Currently, a staggering 27% of ETH’s total supply—approximately 33.8 million tokens—is staked, underscoring the network’s robust participation and long-term confidence. As the ETF narrative gains traction, Ethereum’s price action and staking dynamics are poised to remain in the spotlight, offering compelling opportunities for investors and traders alike.
Ethereum Gains 50% In A Month: ETF Staking Excites Investors
Ether surged 50% over the past month, climbing from $1,800 to $2,713, as optimism grows around potential regulatory approval for staking in ethereum ETFs. Joe Lubin, ConsenSys co-founder, highlighted issuer confidence in securing SEC approval by May 2025. The psychological impact is palpable, with investors shifting focus from Bitcoin to Ethereum.
Currently, 27% of ETH’s total supply—33.8 million tokens—is staked, while ETFs hold 3.3 million ETH, representing 3% of circulating supply. The SEC’s review of 21Shares’ staking proposal adds fuel to the rally, marking a potential inflection point for institutional adoption.
ETH Forecast: Wall Street Ponke Emerges as Potential Catalyst for Ethereum’s Bull Run
Ethereum’s price action is tightening between $3,600 and $3,900, a consolidation pattern analysts interpret as a precursor to a decisive breakout. A successful breach of the $3,900 resistance could propel ETH toward $4,100, while failure to hold $3,600 may trigger a retracement to $3,450. Options markets reflect growing optimism, with rising call open interest signaling trader conviction.
On-chain metrics reinforce the bullish thesis. Increased gas fees, heightened user activity, and accelerated smart contract deployments paint a picture of network expansion—a traditional harbinger of price appreciation. Market participants are actively seeking narratives to fuel Ethereum’s next leg up.
Wall Street Ponke has emerged as an unexpected contender, positioning itself as an AI-enhanced memecoin designed to promote safer trading practices on the Ethereum network. This unconventional fusion of meme culture and algorithmic trading tools represents a novel development in ETH’s ecosystem evolution.
Ethereum Poised for Breakout as $2,750 Resistance Holds Strong
Ethereum trades near $2,700, with analysts eyeing a decisive breakout above the $2,750 resistance level. A successful breach could propel ETH toward $3,300, according to crypto analyst Nilesh Rohilla. The weekly chart shows a bullish structure forming, suggesting momentum is building for a sustained uptrend.
Futures markets reflect heightened volatility, with $52.12 million in liquidations over the past 24 hours—$34.6 million from longs and $17.48 million from shorts. This activity underscores the tension as ETH tests critical resistance. The $2.4 billion options expiry on May 30 looms as a potential catalyst for the next major price movement.
Farcaster Launches Pro Version with Token Airdrop to Early Subscribers
Farcaster, the decentralized social media protocol backed by Paradigm and founded by former Coinbase executives, has introduced Farcaster Pro—a premium tier of its flagship app, now rebranded back to Farcaster. Priced at $120 annually, the Pro version quietly launched on May 28, accompanied by an airdrop of the new PRO token to early adopters. One user reported receiving $600 worth of PRO tokens after subscribing, sparking immediate interest.
The rollout saw 3,700 subscriptions within the first hour, a metric Farcaster highlighted as "100 paid subscriptions per user." A verification tool was also released, allowing users to check if they qualified for additional drops as part of the first 10,000 Pro subscribers. Built on Ethereum’s LAYER 2 network Optimism, Farcaster employs a hybrid model where user identity and key actions are on-chain, while content resides on decentralized hubs—balancing censorship resistance with scalability.
User engagement on Farcaster has surged in recent months, signaling growing traction for decentralized social platforms. The PRO token airdrop underscores the protocol’s incentive-driven approach to fostering early adoption.
