ETH staking has shown a strong resurgence, hitting an all-time high.
The Ethereum (ETH) token traded to its intraday high just above $3,400 amid a broader crypto market rally.
Driven by renewed investor optimism, lower inflation signals, and institutional inflows, the Bitcoin price broke to highs of $97,300.
And with risk sentiment likely to propel bulls to the much-desired mark of $100,000, Ethereum mirrored the gains to new intraday highs.
Notably, this comes as record staking participation, and positive technical indicators point to a potential retest of $4,000.
Like BTC, ETH suffered downward pressure in the early days of 2026.
However, amid a fresh bullish curve for spot crypto exchange-traded funds, momentum has now propelled Ethereum to highs of $3,403 as bulls decisively broke above the $3,300 threshold.
The cryptocurrency was up 6% in the past 24 hours at the time of writing, having opened the day under $3,280.
Gains sees ETH trade within a tight range of $3,280 and $3,520.
Bulls are seeing a breakout after a period of consolidation above $3,000, a time during which Ethereum saw a spike in ETH staking.
Data shows Ethereum staking has hit a record high with over 36 million ETH locked, a figure that accounts for nearly 30% of the circulating supply.
The value of these coins sits at more than $118 billion at current prices.
Additionally, daily new wallet creation has reached all-time highs, and ETFs are notching new net inflows.
ETH has reclaimed a key level and shows a bullish outlook with a potential ascending triangle pattern breakout.
Further technical indicators, including the Relative Strength Index (RSI) shows bullish control at 67. RSI on the daily chart is upturned and since it’s not in overbought territory yet, buyers have the upper hand.
The Moving Average Convergence Divergence indicator is also signalling bullish bias, with the crossover seeing the histogram flip green.
ETH has also witnessed significant short liquidations, amplifying upward pressure as bears cover positions.
CoinGlass data shows over $800 in crypto liquidations recorded in the past 24 hours, with over $250 million of this in ETH. Bearish bets account for $218 million and just over $32 million in long positions.
Whether Ethereum can sustain its momentum and target higher levels remains to be seen.
A confirmed hold and close above $3,300 could pave the way for a push toward $3,600-$3,800 in the short term.
This outlook will be helped by an upbeat sentiment across the broader market. Bullish projections for Bitcoin above $100,000 also give ETH bulls hope of a potential retest of prices above $4,000.
However, failure to defend $3,300 could lead to a pullback toward $3,100. Support zones below $3k are in the $2,8500-$2,700 region.
