Ethereum Staking Soars: 29.02% of Supply Locked—Bullish Holders Double Down
Ethereum just hit a staking milestone that’d make Wall Street sweat—nearly a third of all ETH is now locked up long-term. Forget weak hands; these holders are playing chess while traders chase pumps.
The Lockup Effect
With 29.02% of the supply staked, Ethereum’s proving it’s more than just gas fees and monkey JPEGs. Validators are effectively taking coins off the market—basic economics says that’s rocket fuel for scarcity (if the SEC doesn’t ruin the party first).
Why Traders Should Care
Staking this high screams conviction. While hedge funds flip SPACs like burgers, crypto natives are quietly building the next financial system—one staked ETH at a time. Bonus jab: Meanwhile, your bank’s ‘high-yield’ savings account still pays 0.5%.
Ethereum’s not just surviving—it’s starving shorts. Again.
Ethereum Builds Bullish Momentum As Staking Hits All-Time High
Ethereum has climbed 75% from its April lows, showing strong recovery and resilience in a volatile market. Despite this impressive rebound, ETH remains nearly 98% below its all-time high, leaving significant upside potential. Many analysts believe Ethereum could be gearing up for a rally that may trigger the long-awaited altseason. However, caution still lingers in the market due to ongoing global risks and macroeconomic uncertainty, including rising interest rates and geopolitical tensions.
The growing Optimism is supported by improving on-chain fundamentals. Ted Pillows highlighted a key metric showing that the percentage of Ethereum supply staked has reached a new all-time high of 29.02%. This steady increase in staked ETH reflects strong long-term conviction from holders, who are choosing to lock up their assets to support the network and earn yield rather than sell during market turbulence.
Historically, high levels of staking reduce active circulating supply, which can ease sell pressure and fuel bullish price movements. Combined with technical strength and growing confidence among long-term investors, Ethereum appears well-positioned for a breakout, provided bulls can hold current levels and reclaim resistance zones.
ETH Reclaims Key Level But Faces Resistance
Ethereum (ETH) is showing renewed strength after bouncing from its April 2025 lows and reclaiming the $2,400 level. On the weekly chart, ETH is up over 10% this week, closing firmly above the 200-week simple moving average (SMA) at $2,437.52 — a key threshold that previously acted as both resistance and support in past cycles. Reclaiming this level is a bullish sign and shows that buyers are stepping back in after months of selling pressure.
However, Ethereum now faces significant resistance around the $2,625–2,660 zone, where the 100-week and 50-week SMAs converge. This zone has historically served as a pivot for major price action, and a clear break above it WOULD likely trigger a broader rally targeting the $2,800–$3,000 range.
Volume has also picked up, signaling renewed interest, though it remains below early 2024 levels. This indicates cautious optimism among traders, especially as global macro uncertainty and geopolitical tensions continue to weigh on markets.
Featured image from Dall-E, chart from TradingView
