Cryptocurrency Ethereum (ETH) has reached a new milestone with 30% of its circulating supply now staked.
Crypto staking is when investors lock-up their digital coins for a set period of time in order to support and secure a blockchain network using a proof-of-stake system.
In exchange for locking up their Ethereum or other crypto, investors earn rewards in the form of more cryptocurrencies. Analysts often liken crypto staking to earning interest in a bank account.
There is now a total of $120 billion U.S. of Ethereum staked worldwide, a bullish sign that analysts say shows investors expect the price to surge in coming months.
The rise in staked Ethereum comes as the price of ETH increased 8% over the past week and rose back above the key support level of $3,000 U.S.
A growing number of financial institutions and investors are betting on Ethereum.
JPMorgan Chase (JPM) has chosen Ethereum for its first tokenized money market fund. And Morgan Stanley (MS) has filed to launch a new Ethereum exchange-traded fund (ETF).
British bank Standard Chartered (STAN) recently told investors that it expects Ethereum to outperform Bitcoin (BTC) going forward and that the price of ETH will hit $40,000 U.S. by 2030.
Despite the bullish sentiment and recent price increase, Ethereum is still down 32% from its all-time high of $4,950 U.S. reached in August 2025.
