04.07.2025 07:55

Ethereum's price experienced a significant surge, climbing 6.3% to reach $2,600 after decisively breaking through the $2,590 resistance level. This impressive rally follows a month of robust accumulation, demonstrating considerable investor confidence in the second-largest cryptocurrency.

June witnessed a remarkable influx of Ethereum into non-exchange wallets, with over six million ETH added. This substantial increase propelled the total number of accumulation addresses to a staggering 22.7 million, highlighting a strong conviction amongst long-term holders. The growing trend of holding ETH off exchanges strongly suggests a bullish sentiment.

Further bolstering the positive momentum, liquid staking reached an unprecedented peak of 35.5 million ETH. This record high indicates escalating institutional involvement in the Ethereum ecosystem, underscoring the growing maturity and adoption of the network. The rise in institutional participation signals a significant vote of confidence in Ethereum's long-term prospects.

Adding to the bullish narrative, open interest in Ethereum futures contracts experienced a considerable jump of 10.47%, reaching $19.27 billion. This dramatic increase demonstrates growing conviction among traders, suggesting a significant level of market participation and anticipation of continued price appreciation. The substantial surge in open interest confirms the heightened market activity surrounding Ethereum.

The combined effect of increased accumulation, record liquid staking, and soaring open interest strongly suggests a bullish outlook for Ethereum. These metrics collectively point towards a sustained period of growth, fuelled by robust institutional demand and widespread trader optimism. The recent price action underscores Ethereum's resilience and its potential for further upward momentum.