As a result, Ethereum has seen impressive inflows, with a total of $849 million just over the last month alone, indicating high investor confidence. BlackRock’s Ethereum ETF was a big part of this record ETF inflow. Technical analysis Ethereum is currently facing short-term resistance near the $2,800 area. Projections have laid out significantly more ambitious target ranges $5,000-$8,000 by 2025.

Ethereum’s increased network activity and supply dynamics are bolstering its bullish outlook. While the network added a record-high of just over 500,000 ETH staked in June alone, pushing the amount of total ETH staked to over 35 million. This accounts for almost 30% of Ethereum’s circulating supply, taking the coin out of circulation and making the remaining supply more scarce which can increase the value.

Binance data shows that Ethereum volume remained consistently elevated, never dropping below 300 trillion and peaking over 490 trillion. This stability continued from January 2023 through May 2025. One wallet increased its holdings by 9,400 ETH on June 22—that’s about $39 million! This increased its total holdings to $333 million, indicative of high confidence from big money players.

Ethereum and altcoin volumes took a deep plunge. They declined from a high of 1.57 quadrillion to just under 387 trillion units between November 2024 and May 2025. While there has been an overall altcoin trading downturn, Ethereum price growth and Ethereum staking activity indicate that it is still performing strong.

Since the launch of EIP-1559, more than 4.57 million ETH has been taken out of circulation. This change happens as 1/6 of all transaction fees collected are burned. Etherscan data corroborate this significant drop, caused by Ethereum’s increasing commercialization and exploitation. These transaction fee burns are creating environmental sustainability Ethereum’s growing scarcity.