- Ethereum staking now locks 29.5% of supply as exchange balances hit the lowest level in five years.
- ETH broke above $2,600 with strong volume, reclaiming local highs and targeting the $2,880–$2,950 resistance zone.
- The thinning ETH float tightens available supply as rising demand continues pushing price into higher ranges.
Ethereum staking has exploded to new highs, while exchange-held supply shrinks to five-year lows. Ethereum now pushes higher after breaking resistance, showing strong market conviction with rising demand and less liquid float.
Ethereum Locks In More Supply Than Ever Before
According to Coinbureau, Ethereum staking under ETH 2.0 now accounts for 29.5% of the total supply, up from under 5% in early 2021. At the same time, exchange balances have fallen hard, from over 32 million ETH to under 17 million ETH. This marks a nearly 50% drop in exchange-held Ethereum in under five years.
The growing gap between staked ETH and exchange balances signals a sharp structural change.From 2020 to 2025, Ethereum’s shift to proof-of-stake pulled significant supply out of trading circulation. The move shows a sharp pivot toward long-term holding and validator participation.
Ethereum’s staking appetite has increased steadily despite price swings. With fewer coins available to trade, every breakout now carries stronger momentum. This dynamic positions Ethereum for potential volatility during short supply phases.
Ethereum Price Breaks Out With Clean Momentum
Ethereum currently trades at $2,775.54, posting a 4.3% gain in the last 24 hours. Against Bitcoin, Ethereum also climbed 3.1%, sitting at 0.02503 BTC. This rally followed a strong bounce from $2,350 earlier in July, kicking off a fresh breakout leg.
Source: CoinGecko
Ethereum cleared the $2,600 resistance and reclaimed multiple local highs from June. The surge printed one of the strongest daily candles in weeks. Volume increased as price moved, showing active demand throughout the rally.
This structure resembles a classic V-shaped bottom followed by higher lows. Ethereum now targets the $2,880–$2,950 zone, a resistance region last seen in early June. That range could act as a pressure zone in the coming sessions.
Float Compression Adds Fuel to Ethereum’s Rally
Ethereum’s available trading supply is now extremely limited as more ETH moves to staking. This compression supports more aggressive price action when demand spikes. Traders are closely watching this setup as supply pressure builds.
If Ethereum holds above $2,750, bulls could retest the $3,000 mark. Buyers continue pushing both USD and BTC pairs. With each close above former resistance, Ethereum strengthens its current bullish structure, and investor confidence deepens.
