Ethereum Accumulation Addresses Surge 35.97% in June 2025

Ethereum (ETH) experienced significant supply dynamics in June 2025, marked by historical staking and accumulation trends despite sideways price action. Institutional investors and large holders continued to accumulate ETH, with options data indicating potential volatility at key price points in the future.

Accumulation addresses, which adhere to strict criteria including non-exchange ownership and minimal outflow history, reached a record 22.7465 million ETH by June 30th. This represents a 35.97% increase from the start of the month, when these addresses held 16.7281 million ETH. The accumulation trend is evident in ETH Cohort Study data, which tracks long-term holder behavior and accumulation trends across different investor categories.

These accumulation addresses set a new record by purchasing 6.0184 million ETH in June alone. The current worth of these accumulation addresses is $2,114.70 as of July 1st, which is their average acquisition cost. With ETH priced at $2,565, these addresses have realized a gain of 21.29% as of July 2nd. The majority of these accumulation addresses are held by institutional investors, large holders, and ETFs, who continue to accumulate positions despite the ongoing ETH price consolidation.

Institutional demand pressure generates supply shortages that can lead to future price appreciation when market conditions are favorable. Ethereum liquid staking activity also reached its highest levels during June 2025, with nearly one million ETH added to staking protocols throughout the month. Staking amounts grew from 34.546084 million ETH on June 1st to 35.526482 million ETH by June 30th, creating a monthly increase of 2.83%. This month-to-month staking increase is a record for Ethereum staking volumes, indicating increased investor confidence in earning yields without losing liquidity using staking derivatives.

The trend continued throughout July, with ETH establishing an all-time high for liquid staking at 35.56435271 million ETH on July 1st. Lido and Binance ETH Staking protocols were the most popular, attracting investors with their large-scale operations and institution-friendly features. These platforms offer liquid staking tokens that allow investors to earn staking rewards without necessarily having to give up tradable assets. Most accumulation addresses choosing liquid staking belong to institutional investors, ETFs, and large holders who prefer earning yields while waiting for substantial price appreciation.

Ethereum options data reveals $584 million in notional value with a put/call ratio of 1.28 and a maximum pain point at $2,500 according to Deribit analysis. Open interest is concentrated at important price points, and volatility is possible when options are expiring and need compelling market positioning changes. Technical analyst Michaël van de Poppe opines that ETH breaking past resistance levels is a positive bullish indicator. The expert has cited the relative outperformance of Ethereum against Bitcoin in recent price action. The analyst is optimistic that the ETH price will reach $3,000 if resistance levels hold, with the overall Ethereum ecosystem faring well on all fronts.

Analyst Ted maintains a long-term bullish outlook despite short-term volatility concerns. He predicts the ETH price to reach above $10,000 during the current market cycle. This is based on continued institutional buying and staking being price-supportive on long-term horizons. The confluence of record accumulation, increasing staking activity, and technical breakout signals sets aside a number of bullish catalysts for Ethereum (ETH) price action. Although market makers continue to manage short-term price action, underlying supply suggests institutional positioning for future appreciation.