Darling, the amount of staked ether has shot up by over 650,000 since the year’s start, reaching a rather fashionable 34.653 million by June 8. This plump figure is almost 30% of all ether in circulation—sweet, isn’t it? It’s as if everyone’s decided to put their eggs—or should I say, ether—in one delightful basket. 💅
Fortunes Swirl for Ether and Bitcoin ETFs—A Bit of a Tantalising Tussle
Since January, the number of staked ether (ETH) has gracefully increased by more than 650,000, clocking in at a snazzy 34.653 million by June 8—a record, darling! According to Coingecko, this figure now accounts for nearly 30% of all ether coins fluttering about. Meanwhile, ethereum ETFs recently enjoyed a winning streak of 15 days, charming investors with $837 million—a tidy sum, n’est-ce pas? 💸
In the other corner, bitcoin ETFs—those darling inflows mid-May—have been behaving quite unpredictably, swaying like a charismatic socialite at a cocktail party. Some periods of outflows or modest inflows suggest the spotlight might be shifting from Bitcoin’s firm grasp to our beloved ETH and its merry band of altcoins. How utterly dramatic! 🎭
Weeks after the Ethereum protocol flaunted its Pectra upgrade on May 7, darling, ETH’s been strutting its stuff. The upgrade, which introduced a dazzling 11 Ethereum Improvement Proposals (EIPs), was heralded as the “most feature-rich” upgrade ever—or at least, quite the encore. Post-upgrade, ETH skyrocketed from below $1,800 to a stunning $2,500 within 48 hours, and now it’s sashaying above $2,700, boasting a 50% gain since the big night. Talk about a glow-up! ✨
Yet, amidst the champagne, some clever analysts whisper warnings that ETH might dip if it dips below $2,320—oh, the horror! Conversely, should it break the $2,793 resistance, the glorious possibility of reaching $3,500 to $4,000 becomes not just a fantasy, but practically inevitable. One must keep one’s lorgnette ready for this riveting spectacle! 🧐
“Between May 8 and May 10, ethereum surged by a dazzling 44%; since then—since May 10—it’s been gently nibbling within the $2,300-$2,700 range,” the chatterbox analysts note. “Should ETH fall below $2,320 and stay there, a voyage to the $2,000-$1,800 zone seems imminent. But—oh, sweet suspense!—if it surges past $2,793, a swift leap to the $3,500-$4,000 range is not only desirable but very, very probable.”
The clever chaps at the B2BINPAY team also mention ETH’s bullish rise of 66% from December to April, which has lured in abundant liquidity. This makes a breakout to the upside almost a certainty—though, of course, summer’s low activity might put a damper on our grand plans. ☀️
Meanwhile, the sharp-eyed note that Blackrock’s recent sale of $130.4 million worth of BTC coupled with over $100 million in ETH purchases signals that the institutional giants are eyeing a caper shift—perhaps moving their chips over to ethereum and its merry band of coins. Well, what a turn-up for the books! 📈
In short, my dear reader, this could herald the dawn of a new era—one where Ethereum takes center stage, leaving Bitcoin’s limelight to flicker into the background, possibly paving the way for the altcoin cabaret. How simply delightful! 💃
Read More
2025-06-11 21:27