Ethereum Hits Record Onchain Capital as U.S. Economic Stability Drives 70% Price Surge and Institutional Interest
Ethereum (ETH) has reached a record $219 billion in onchain secured capital, solidifying its status as the largest blockchain by capital locked—much of it in stablecoins like USDT and USDC. In the past 60 days, ETH surged over 70%, hitting $2,523.94 by June 7, 2025. This bullish momentum is supported by the U.S. unemployment rate holding steady at 4.2%, reinforcing economic confidence and encouraging investors to diversify into digital assets. Analysts highlight that a resilient job market alleviates fears of downturns, prompting increased crypto exposure—particularly in Ethereum. Decentralized finance (DeFi) activity remains strong, with over $61 billion locked and ongoing growth in Web3 and dApp sectors. Exchange balances for ETH are at a seven-year low, reflecting rising long-term accumulation and institutional investments, as seen with BTCS and Sharplink Gaming. From a technical perspective, ETH/USD recently broke above resistance levels, suggesting continued buyer strength and further price targets if momentum persists. Looking ahead, planned upgrades are expected to bolster Ethereum’s scalability and investor appeal. Traders should monitor macroeconomic cues and institutional flows as these factors are likely to influence ETH’s price trajectory and sector growth.
Bullish
Ethereum’s price has surged over 70% in just two months, fueled by a stable U.S. economic outlook and institutional inflows. The consistent U.S. unemployment rate at 4.2% supports greater investor confidence, spurring interest in digital assets like ETH. Record onchain capital, shrinking exchange balances, and robust DeFi activity indicate strong buying momentum and long-term accumulation. Technical indicators confirm a bullish breakout, while upcoming scalability upgrades could further accelerate adoption and capital inflows. Given these factors, both short- and long-term prospects for ETH appear positive, with continued macroeconomic stability and institutional participation likely to sustain upward price pressure.