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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Staking Hits 35M ETH: Is a Major Price Explosion on the Horizon?

Samuel Edyme
Samuel Edyme
8 hours ago
3 mins read
Ethereum Staking Hits 35M ETH: Is a Major Price Explosion on the Horizon?

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Ethereum (ETH) has experienced a notable pullback after a brief period of upward momentum earlier this month. The asset, which surged past the $2,800 level in mid-June, has since declined by 8.7% over the past week, now trading at around $2,498.

This retreat follows broader market consolidation, as Ethereum struggles to maintain upward pressure despite strong on-chain activity.

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Ethereum Staking and Accumulation Trends

While ETH’s price action has turned negative, on-chain indicators suggest a contrasting narrative of growing investor conviction. According to insights shared by on-chain analyst OnChainSchool via CryptoQuant’s QuickTake platform, Ethereum has set a new record in staking activity.

Ethereum total value staked.
Ethereum total value staked. | Source: CryptoQuant

In the first half of June alone, more than 500,000 ETH were staked, pushing the total locked amount to over 35 million ETH. This growth in staked ETH not only reflects rising validator participation but also contributes to reducing the circulating supply, a dynamic that may influence future price movements.

The report also highlights a rise in accumulation addresses, wallets that have received ETH but have never transferred any out. These addresses now collectively hold 22.8 million ETH, another all-time high.

This trend is often interpreted as a sign of long-term holding behavior and suggests that certain investor cohorts are positioning themselves for future price appreciation rather than short-term gains.

Taken together, the record levels of staking and accumulation point toward an increasingly illiquid supply, which, if demand increases, could amplify upward price pressure.

Ethereum Hits ATH in Staking: Over 35 Million ETH Locked

“Alongside this, Accumulation Addresses (holders with no history of selling) have also reached an all-time high, now holding 22.8 million ETH.” – By @onchainschool

Read more ⤵️https://t.co/WYoX9qpODZ pic.twitter.com/6MAlK0sCfJ

— CryptoQuant.com (@cryptoquant_com) June 17, 2025

A Technical Look: Price Explosion on the Horizon?

In addition to the on-chain data, market participants are also analyzing Ethereum from a technical perspective. A crypto analyst on X operating under the pseudonym “Bitcoinsensus” has drawn attention to a multi-year “bullish flag” pattern forming on ETH charts since 2021.

Ethereum price chart analysis.
Ethereum price chart analysis. | Source: Bitcoinsensus

A bullish flag is a technical chart formation that typically follows a strong price move upward, marked by a period of consolidation in a downward-sloping channel. If the asset breaks out of the flag to the upside, it can signal a continuation of the prior bullish trend.

Related Reading

Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels

Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels

2 days ago

Bitcoinsensus suggests that if the pattern completes, Ethereum could target a move toward the $8,000 range. This potential breakout would depend on several factors, including macroeconomic sentiment, ETF flows, and on-chain fundamentals.

Ethereum (ETH) price chart on TradingView
ETH price is moving upwards on the 2-hour chart. Source: ETH/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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The highest standards in reporting and publishing
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