Ethereum Stakes Reach New High as Price Nears Daily Pivot

Ethereum's price is approaching its daily pivot point at $1,905, and if it breaks through resistance at $1,967, analysts expect it to reach $2,050-$2,117. This comes as staked ETH has reached a record high of 40.2 million coins (33% of supply) in Q2 2026, indicating strong investor interest.

BlackRock clients have bought over $20 million in ETH while withdrawing $60 million from their Bitcoin ETF. A large withdrawal of 40,000 ETH from Binance also suggests that investors are holding onto Ethereum for the long-term.