Ethereum (ETH), like the rest of the crypto market, has been trading sideways in the last month, but buyer confidence is at a high point. The amount of stake ETH hitting a new high amidst a resurgence in institutional interest has led to investors predicting a massive rally for Ethereum in the second half.
However, analysts have pointed out $2,800 as a major resistance area that needs to be cleared in order for any major rally to take place. Another altcoin seeing a steady rise in buy momentum is Cardano (ADA), with analysts predicting a rally to $2.4 could happen soon.
Staked ETH Hit ATH, But Ethereum Must Cross Resistance To Rally
The supply of staked ETH tokens has just reached the highest level ever. Dune Analytics revealed that as of June 17, 2025, more than 35 million ETH tokens are staked on the Ethereum blockchain’s in the Proof of Stake (PoS) consensus.
The increase in staked supply implies that ETH holders are opting to stake their ETH instead of selling at present prices. This represents 28.35% of all the amount of ETH in circulation. While this is a bullish sign, the price of Ethereum has been consolidating.
On the 30D Ethereum price chart, the altcoin has been ranging between $2,400 and $2,800. ETH attempted to break above this resistance level but failed both times. At this moment, ETH is trading around the $2,500 range, per CoinMarketCap.
According to Daan Crypto Trade, a decisive close above the $2,800 level would be a “good setup” for a move higher. The chart shared by the analysts suggests that we could see the Ethereum price rally as high as $4,000 if it clears this resistance level.
Cardano (ADA) Break Out To Spark Rally To $2.4
Unlike ETH, Cardano (ADA) has struggled to maintain the $0.600 support level. ADA is down by 20% on the 30D chart per CoinMarketCap, dropping from $0.83, and is at risk of losing $0.600. However, signs of a potential breakout are beginning to appear on the daily Cardano price chart.
First is the growing on-chain activity. AngryCryptoShow recently reported that the Cardano network now holds over 5.4 million wallets. Over 100,000 new wallets were reportedly created in the past 60 days, signaling an increase in the demand for the ADA token. Additionally, more than 400,000 new wallets were added in the last six months.
Technical setups also show that the Cardano price could begin a rally soon. Bitcoinsensus posted on X that $ADA has been moving inside an ascending broadening wedge channel since the beginning of this bull market.
According to the chart shared by the analyst, the ADA price could drop to $0.380 to retest the lower end of the channel. This could happen before the price of Cardano moves higher. However, if it happens, the price target for Cardano will be $2.40, representing an increase of 300% from its current trading range.
