Ethereum Price Prediction: ETH Near $3,350 as $118B Staked Signals Supply Squeeze Ahead
Ethereum is still trading near $3,350, holding its ground after a pretty strong rebound out of the $3,050-$3,100 zone. With a market cap...
Quick overview
- Ethereum is currently trading around $3,350, showing strong support after a rebound from the $3,050-$3,100 range.
- Staking levels have reached an all-time high, with nearly 30% of total supply now staked, indicating growing investor confidence in Ethereum's future.
- Institutional participation is increasing, as seen with BitMine Immersion staking over 154,000 ETH, contributing to a tighter supply of liquid Ether.
- Technically, Ethereum is positioned for potential breakout above $3,420, with key support levels holding strong, suggesting a bullish outlook.
Ethereum is still trading near $3,350, holding its ground after a pretty strong rebound out of the $3,050-$3,100 zone. With a market cap of something like $404 billion and over $31 billion worth of trades in the last 24 hours, liquidity is still pretty healthy even if the price has taken a pause. Rather than seeing this as a sign that the price is running out of steam, the current action looks more like consolidation after a really decisive recovery.
At the same time Ethereum’s fundamentals are actually getting stronger. Roughly $118 billion worth of Ether is now staked, which is just shy of 30% of total circulating supply – a pretty big milestone that shows that investors are really starting to believe in the long term prospects of the network. The combination of a tighter supply and a pretty constructive technical picture is really changing the outlook for Ethereum in the near term.
Staking Surge Reflects Growing Confidence in Ethereum’s Future
Ethereum’s staking levels have just reached an all-time high, since the network switched over to proof of stake. Around 35.8 million ETH is now locked up on the Beacon Chain, which is just 29.5% of total supply – a new record high surpassing the old one that was set mid 2025.
This is a pretty clear sign of a shift in investor behavior. More and more people are starting to prioritize getting some yield on their Ethereum and participating in the network over getting in and out of the market quickly, which has actually reduced the amount of Ether available in the market to buy and sell.
Some of the key stats behind this staking milestone are:
- There are over 976,000 active validators on the network – a new record for active participation
- Over 2.3 million ETH are currently queuing up to be staked
- Staking providers like Lido Finance are now managing around 24% of all staked ETH
All of these figures point to a really growing sense of involvement and confidence in Ethereum’s long term roadmap.
Institutional Flows Are Also Adding to Locked Supply
We’re also seeing corporate participation in this growth in staking. BitMine Immersion, one of the biggest publicly disclosed Ethereum holders, has recently staked another 154,304 ETH, worth around $514 million, in a pretty short space of time.
This move adds to BitMine’s strategy of turning idle Ether into income-generating assets, while also keeping their balance sheet risk under control. The firm has recently been buying more Ether – in fact, it’s just added around 24,266 ETH to their stash, which now stands at over 4.17 million ETH. This strategy of both buying up Ether and staking it has made BitMine a notable player in Ethereum’s shrinking supply of liquid Ether.
As more and more institutions start to adopt this approach, staking levels could well go up even more, which will help to reinforce Ethereum’s supply dynamics.
Ethereum (ETH/USD) Technical Outlook – Watching for Breakout Levels
Looking at the charts, Ethereum’s technical picture has really shifted from being corrective to being pretty constructive. Price is still holding up pretty well above a rising trend line, and ETH is pretty comfortably over its 50 day EMA, with the 200 day EMA near $3,160 now flatlining and starting to turn up – which is a pretty good sign of support building up.
Price is now pretty firmly coiled between its ascending support level and that long term resistance zone just above, at $3,400-$3,420. And momentum indicators are actually pretty supportive. The RSI has reset to the 60-65 range, which is a pretty clear sign of strengthening momentum without getting too overbought.
So, key levels to keep an eye on are:
- Support: $3,285-$3,250
- Resistance: $3,400-$3,420
- If we do get a break out above the $3,420 level, then the upside targets are $3,535 and then $3,650.
As long as Ethereum can hold above that $3,250 demand zone, then the general bullish outlook is still pretty intact. If we do get a sustained break above $3,400 though, then that could open up the door for Ethereum to start making serious gains, especially with all that tightening supply from record staking levels adding some serious fuel to the fire as we head into 2026.
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