Stakers of Ethereum Back in the Black as Etheroeum Gains Nearly 40% in a Weekly Span
Rocketing Price of Ethereum Sparks a Tiler of Green after a Week-Long Surge!
Ethereum, the leading altcoin, experienced a 40% price surge over the past week, registering one of its best weekly performances in months! This whopping rally pushed staked Ethereum (ETH) coins out of unrealized losses for the first time since March, potentially reducing selling pressure among key coin holders. Let's dive into the details!
Staked ETH Coins Back in the Black After a Week-Long Spree
Venture into the world of data from CryptoQuant, and you'll find that staked ETH coins – held by validators and long-term investors, taken out of circulation – have been lingering in unrealized losses since March 3, 2025, with a realized price of $2,279. But the recent market frenzy drove ETH's value beyond this mark on May 9, lifting staked coins back into profits.
When stakers experience such a shift, it triggers a wave of renewed confidence in the protocol and encourages more folks to participate in the network. Additionally, reduced sell pressure may motivate more holders to stick to their staked positions.
Add to that Ethereum's favorable situation in the derivatives market, where its positive funding rate (currently at 0.001%) indicates that traders are eager to fork out a premium for holding long positions, revealing a surge in demand for leveraged exposure and a clear sign of strong market conviction.
Volume Frenzy Fueling Ethereum's Ascent
On the price chart, Ethereum's ascending On-Balance Volume (OBV) highlights the growing demand for the coin. The OBV stands tall at 26.05 million amidst increasing trading activity.
An uptick in the OBV signals that buying pressure is on the rise, which could potentially bolster Ethereum's price to $2,745. But, if sellers wrestle back control of the market, they might push Ethereum's price southward towards $2,424. In a worst-case scenario, if bulls can't safeguard this support floor, the price plunge could reach $2,243.
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Keep in Mind: Ethereum's skyrocketing price can be linked to several significant factors:1. Positive Macroeconomic News2. Ethereum's Pectra Upgrade3. Institutional Confidence4. Broader Market Sentiment
This price surge could benefit staked ETH coins in multiple ways:- Heightened Value- Efficiency and Scalability Improvements
Looking at the broader market impact, Ethereum's performance is nudging investor sentiment towards altcoins, potentially influencing the entire cryptocurrency market. Moreover, increased institutional interest could lead to further growth, as traditional investors pour into the crypto ecosystem, and altcoins might gather more attention and investments.
Predictions for Ethereum's future price range from $4,392 to $5,925 by the end of 2025, depending on sustained market conditions and successful implementation of upcoming upgrades like Ethereum 2.0. However, any future gains will hinge on prevailing market trends and the success of upcoming milestones.
- The surge in Ethereum's price, the leading altcoin, has led to staked ETH coins returning to profits after being in unrealized losses since March 2025.
- With staked ETH coins now back in the black, increased confidence in the protocol and reduced sell pressure may incentivize more holders to participate in the network.
- The recent market frenzy has also resulted in a positive funding rate for Ethereum in the derivatives market, revealing a surge in demand for leveraged exposure and strong market conviction.
- The rising demand for Ethereum, as indicated by the growing On-Balance Volume, could potentially push Ethereum's price towards $2,745, with a potential drop towards $2,243 if sellers gain control of the market.
