Ethereum Marks Historic June: Accumulation and Staking Boom, Breakout Imminent?

Despite a lack of price volatility, Ethereum (ETH) has just experienced a landmark June, with over 6 million ETH accumulated and nearly 1 million ETH staked, according to analysis from CryptoQuant.

Long-term Confidence on the Rise
Infrequently active and exchange-unaffiliated wallet accumulation addresses increased their holdings from 16.73 million to 22.75 million ETH in just one month, a 36% increase - the highest ever recorded. This is a clear sign of strategic confidence from long-term and institutional investors.

In parallel, the total ETH staked reached 35.56 million, up nearly 1 million ETH compared to the previous month, mainly through platforms such as Lido DAO and Binance. The surge in staking also shows that investors are willing to hold ETH long-term to earn yield, rather than sell in the short term.

Unrealized Profits & Low Selling Pressure
Accumulation addresses currently have an average capitalization of $2,114, while ETH is trading around $2,596, representing an unrealized profit of over 21%. This suggests that there is no significant selling pressure at the current price range.

Technical signals favor a breakout
ETH has increased by more than 6% in 24 hours and 36% in Q2, recovering strongly from the sharp decline at the beginning of the year. The RSI indicator is at 57.6, not yet in overbought territory, suggesting that there is still room for upside. Volume is recovering and the MACD, along with the momentum indicator, are both signaling a return of buying momentum.

If ETH can break the $2,600-$2,640 resistance zone with solid volume, the next target will be $2,750-$2,800. On the other hand, the support zones to watch are $2,450 and $2,280.

Conclusion
With record accumulation activity, increased staking, low selling pressure, and positive technical signals, Ethereum is at a crucial turning point. A breakout may be forming, and the market is closely watching for any further moves.