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Ethereum experienced a historic surge in accumulation and staking activities in June, signaling robust confidence from long-term holders and institutional investors despite subdued price movements.
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The combined holdings of accumulation addresses increased by nearly 36%, while liquid staking on platforms like Lido DAO and Binance hit new all-time highs, reflecting strategic positioning ahead of potential market gains.
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According to CryptoQuant analyst Carmelo Alemán, these trends underscore a growing conviction among Ethereum’s strategic holders, with unrealized gains encouraging a hold strategy rather than immediate selling.
Ethereum’s June surge in accumulation and staking highlights strong institutional confidence, with ETH price recovering and technical indicators suggesting potential further upside.
Ethereum’s Record Accumulation and Staking Growth in June
In June, Ethereum saw an unprecedented increase in accumulation addresses—wallets characterized by minimal outflows and no ties to centralized exchanges—rising from 16.73 million ETH to 22.75 million ETH, a 35.97% monthly gain. This marks the largest recorded increase for this category, reflecting a significant shift in market dynamics. Such accumulation is typically driven by long-term holders and institutional investors who prioritize strategic asset retention over short-term trading.
Simultaneously, liquid staking volumes on major platforms such as Lido DAO and Binance climbed from 34.55 million ETH to 35.56 million ETH, nearing a 1 million ETH increase. This trend indicates that investors are leveraging staking protocols to generate yield while maintaining exposure to Ethereum’s potential upside. The growing staking activity also contributes to network security and decentralization, reinforcing Ethereum’s long-term value proposition.
Institutional Confidence and Market Positioning
The average cost basis for accumulation addresses stands at approximately $2,114.70, while ETH’s market price exceeds $2,500, resulting in an unrealized gain of over 21%. This positive spread suggests that holders are currently incentivized to maintain their positions rather than liquidate, supporting price stability. Institutional players, often managing large portfolios, appear to be adopting a patient approach, capitalizing on staking yields and accumulation to optimize returns.
These developments coincide with Ethereum’s 36% price appreciation during Q2, a strong rebound following a 45% decline in Q1. The resilience demonstrated by accumulation and staking metrics provides a foundation for sustained growth, particularly as market volatility begins to increase.
Technical Indicators Signal Potential Upside Momentum
Ethereum’s price action in early July shows promising technical signals. The asset is trading above its 20-day exponential moving average and is testing the upper boundary of its recent trading range. Bollinger bands are widening, indicating an increase in volatility that often precedes significant price movements.
The relative strength index (RSI) at 57.6 suggests that ETH is gaining momentum without entering overbought territory, leaving room for further appreciation. Additionally, rising trading volumes and positive momentum and MACD indicators point to renewed buying interest, which could propel Ethereum toward the $2,750–$2,800 resistance zone if it surpasses the $2,600–$2,640 level with sustained volume.
Key Support and Resistance Levels to Watch
On the downside, Ethereum’s critical support levels are identified at $2,450 and $2,280, which may act as buffers against potential price corrections. Monitoring these levels is essential for traders and investors to manage risk effectively. A breach below these supports could signal a shift in market sentiment, whereas maintaining above them would reinforce the current bullish outlook.
Given the current accumulation and staking trends, alongside favorable technical indicators, Ethereum is positioned for potential continued gains. Investors should remain attentive to volume patterns and macroeconomic factors that could influence price dynamics in the coming weeks.
Conclusion
Ethereum’s historic accumulation and staking surge in June, coupled with positive technical signals, reflect growing institutional confidence and strategic long-term positioning. With unrealized gains encouraging holders to maintain their stakes and technical indicators suggesting further upside potential, ETH is well-placed to build on its recent recovery. Market participants should watch key support and resistance levels closely to navigate upcoming volatility and capitalize on emerging opportunities.
