Ethereum Reclaims $2,000 as Public Firms Add 7.4M ETH and Staking Tops 32%
Ethereum has reclaimed the $2,000 level after trading below it, with bullish momentum slowly returning despite broader market volatility.
The latest driver is institutional accumulation by public companies. Lisk research head Leon Waidmann says firms bought about 7.4 million ETH over 12 months—around 6.1% of circulating supply. The report adds that this pace has held even in bearish periods, tightening available Ethereum supply and reinforcing an “ETH corporate treasury” narrative.
It also contrasts corporate off-market holdings versus exchange availability. The article claims that after near-zero cumulative treasury holdings as of May 2025, more than 6.5 million ETH had been scooped off-market by April 2026. These coins are typically not freely tradable without governance approvals, disclosures, and regulatory filings, implying reduced immediate sell pressure.
On top of spot supply tightening, Ethereum staking is rising sharply. The share of ETH locked in staking contracts is reported to exceed 32% of total supply (up from ~16% in May 2021). Waidmann notes this 32% is not sitting in exchange sell wallets, but is actively securing the network.
For traders: Ethereum’s medium-to-long-term setup looks constructive from supply-side pressure (treasury + staking), but short-term price action can remain choppy around $2,000. The earlier technical warning was that a failure to hold $2,000 could open downside toward ~$1,600.
Bullish
The news is bullish for Ethereum because it points to sustained off-market demand and structural supply lockups. Public firms reportedly bought ~7.4M ETH (~6.1% of circulating supply) and moved ETH into corporate treasuries rather than exchanges, which typically reduces immediate sell pressure. At the same time, staking participation is rising to over 32% of total supply, further tightening liquid supply and keeping ETH working on network security rather than waiting to be sold.
Short-term price risk remains around the $2,000 technical level (with an earlier warning that losing $2,000 could lead toward ~$1,600), so volatility may persist. But the combined treasury + staking dynamics provide a medium-to-long-term supportive bid for Ethereum.