CryptoQuant Analysis: Ethereum (ETH) Enters Bullish Phase Despite Price Lag

While Bitcoin continued breaking records in 2025, Ethereum (ETH) - the leading altcoin - remained approximately 45% below its 2021 all-time high of $4,850. However, CryptoQuant analysts have identified strong bullish signals suggesting ETH is primed for significant upward movement. Despite ongoing price manipulation by market makers delaying Ethereum's anticipated rally, key on-chain metrics indicate accumulating momentum. The report highlights that June 2025 marked several record-breaking developments for Ethereum. Non-exchange wallets with limited ETH outflows reached an unprecedented 22.7465 million ETH by June 30 - a 35.97% monthly surge from 16.7281 million ETH. These wallets also set a new single-month accumulation record, adding 6.0184 million ETH. Ethereum's liquid staking sector similarly achieved milestones, with staked ETH growing from 34.546 million to 35.526 million during June - a 2.83% monthly increase representing nearly one million ETH. This constitutes the largest single-month staking growth in Ethereum's history. Analysts attribute this accumulation primarily to institutional investors, ETFs, and whales seeking staking rewards while anticipating price appreciation. The report concludes that while ETH's price hasn't yet reflected this momentum, the record accumulation and staking activity suggest an imminent major upward movement. Disclaimer: This analysis does not constitute investment advice.