• Over 32.8M ETH was staked, shrinking available liquid supply.
• BlackRock and Grayscale ETFs attracted large inflows.
• Ethereum broke out of a falling wedge, targeting $2,800 resistance.

Ethereum’s staking activity, institutional accumulation through ETFs, and bullish technical indicators collectively reinforced the token’s upward outlook. The combination of reduced liquid supply, rising spot ETF flows, and breakout patterns suggested Ethereum could extend gains beyond $2,800.

Ethereum staking surpassed 32.8 million ETH, accounting for more than 27% of the total circulating supply. The latest on-chain data, dated June 3, 2025, confirmed that long-term holders continued to lock up ETH, reducing sell pressure across spot markets.

Mid-2023 to early 2024 saw accelerated growth in staking activity, which coincided with Ethereum’s transition toward greater scalability and sustainability through network upgrades. The sustained increase in staked ETH also contributes to Ethereum’s security, as validators who participate in staking help maintain and decentralize the network.

BlackRock, the world’s largest asset manager, currently holds $3.7 billion worth of Ethereum across its ETF product, ETHA. The fund has now recorded nine consecutive days of inflows, with total purchases exceeding $492 million. On June 6 alone, spot Ethereum ETFs recorded $25.3 million in net inflows, suggesting ongoing institutional demand for ETH exposure.

Alongside BlackRock, Grayscale added $9.4 million worth of Ethereum over the same period. The consistent inflows have brought Grayscale’s total ETH holdings to more than 1.1 million ETH, valued at approximately $2.84 billion. Other issuers such as Fidelity, Bitwise, and VanEck are also contributing to the growing ETF landscape.

The launch of spot Ethereum ETFs has allowed a wider range of institutional participants, such as pension funds and asset managers, to gain direct exposure to Ethereum in regulated investment products. This expansion into traditional markets is viewed as a step forward in integrating digital assets into mainstream financial portfolios.

Besides the large inflows to ETFs, the usage of Ethereum futures is rising as well. The number of users buying and selling ETH futures has risen to over $35 billion, hitting a record level. This rise came as ETH was recovering its price after it faced a correction this year. A rising futures open interest, along with an increasing price, may mean that traders are feeling positive about the market.

It is different from older months, when open interest decreased during times of sell-offs. Now, both ETH and the increase in leverage are getting stronger, so it looks like traders are aiming for an increase in price. The rise in open interest is considered proof that more institutional and speculative investors are paying attention to Ethereum’s future price.

On the daily chart, Ethereum recently broke out of a falling wedge, which would usually show it is moving upwards. When the breakout occurred, ETH’s price went up, and it is now higher than $2,500. According to the trend line’s shape, the price could go as high as $2,800 at this time, with the line still being a major resistance barrier.

The RSI is at 52.48 levels, which indicates more upward action is possible. It appears that MACD is approaching a crossover, and it may encourage another move to the upside. Bitcoin continues to be supported by the range of $2,450 to $2,480, ensuring that the price moves higher. Even if the price goes over the support range, Ethereum’s next target lies at $2,800.

Market observer @cryptogems555 pointed out that ETH’s current trajectory resembled the 2018–2021 growth pattern. Based on similar fractal behavior and price recovery rhythms, the current cycle suggested ETH could rally to between $6,000 and $8,000 by year-end.

It becomes clear from the analysis that Ethereum is beginning a fast period of escalation. Repeating the same steps seen over the past years, and evaluating the market, this step could push Bitcoin’s price up to between $6,000 and $8,000.

In this article, the views and opinions stated by the author or any people named are for informational purposes only. And they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.