Ethereum Staking Hits Record High Amid Price Recovery and Institutional Confidence

Ethereum staking activity has reached an all-time high, coinciding with a notable price rebound and increasing confidence among institutional investors.

On Sunday, the total amount of ETH staked on the Beacon Chain surged to a record 34.65 million, surpassing the previous peak recorded on November 10, 2024.

After holding relatively steady above 33 million for the past year, staking volumes began to climb again in early June.

The uptick highlights that more Ethereum holders are choosing to stake rather than sell, a move that not only supports network stability but also reduces short-term sell pressure.

Supporting this trend, data from Dune Analytics reported that total staked ETH reached 34.8 million as of Monday. Meanwhile, figures from Ultrasound.Money showed a similar number, 34.7 million ETH, representing approximately 28.7% of the current circulating supply of 120.8 million. It’s worth noting that Ethereum’s supply has been back in inflationary territory since February 2025.

This milestone comes at a pivotal time for Ethereum, as markets await a decision from the U.S. Securities and Exchange Commission (SEC) on whether to approve spot Ethereum exchange-traded funds (ETFs). Analysts expect a ruling in the coming weeks, especially after ETF provider REX Shares filed an application using “alternative regulatory solutions” to streamline the launch.

Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) continues to post strong performance, recording 23 consecutive trading days without any outflows. This sustained momentum reflects growing institutional confidence in Ethereum as a long-term store of value and investment asset.

On the price front, Ethereum has bounced back to its highest level in two weeks. The cryptocurrency rose over 8% on Tuesday, crossing the $2,700 mark, its strongest level since May 29.

While ETH's staked value has grown 77% over the past two years, its price has only increased by around 50% during the same period, suggesting that this latest move may push for a potential breakout from key resistance levels.

The $2,700 zone remains a critical threshold. Ethereum has tested it four times in the past month, making a decisive breakout key to sustaining the current bullish momentum.