Ethereum Hits Record Accumulation and Staking Levels in June: Is a Major Breakout on the Horizon?

Ethereum Registers Historic Surge in Accumulation and Staking

Ethereum (ETH) achieved remarkable milestones in June, surprising the crypto market despite relatively calm price movements. Recent data from CryptoQuant analyst Carmelo Alemán highlights unprecedented accumulation and staking activity that could signal a bullish shift for the leading smart contract platform.

Over 6 Million ETH Accumulated by Strategic Wallets

June saw Ethereum’s accumulation addresses—wallets characterized by minimal outflows and no direct ties to centralized exchanges—amass a combined 22.75 million ETH by month’s end. This figure marks a staggering 35.97% jump from 16.73 million ETH on June 1, representing the largest monthly increase ever recorded for this group. The surge of over 6 million ETH into these wallets underscores growing confidence among both institutional investors and long-term holders in Ethereum’s future prospects.

Staked ETH Hits New All-Time Highs

Ethereum’s liquid staking protocols also experienced historic growth last month. The total ETH staked via platforms such as Lido DAO and Binance grew from 34.55 million to 35.56 million, an increase approaching 1 million ETH. Analysts believe much of this growth is driven by large holders and institutions seeking passive yield while anticipating future price appreciation.

Favorable On-Chain Metrics Signal Reduced Selling Pressure

As of July, accumulation addresses’ average cost basis sits at $2,114.70. With ETH trading above $2,500—up over 6% in the last 24 hours—these holders are enjoying an unrealized gain of around 21%. This profit buffer suggests reduced pressure to liquidate, potentially providing support for further upward movement.

Strong Quarter and Technical Indicators Support Upside Potential

ETH currently trades at $2,596, rebounding sharply following its recent lows. According to Cryptorank, Ethereum posted a 36% gain in Q2, partly recovering after Q1’s steep 45% decline.

Technically, Ethereum has reclaimed its 20-day exponential moving average and is challenging the upper resistance of its recent trading range. Expanding Bollinger Bands point to rising volatility, while the relative strength index (RSI) at 57.6 and increasing trading volume suggest momentum is shifting positively. The MACD and other momentum indicators reinforce the notion that buying interest is on the rise.

What’s Next for Ethereum?

If Ethereum can break and hold above the $2,600 to $2,640 resistance zone on strong volume, analysts see the $2,750–$2,800 price range as the next key target. On the downside, important support resides at $2,450 and $2,280.

As accumulation and staking continue to break records, investors and traders are watching closely for signs of a major Ethereum breakout in the weeks ahead.