Ethereum Price Rises 3% as Grayscale Introduces Staking for Its Spot ETH ETFs

The Ethereum price has surged 3% in the last 24 hours to trade at $4529 on a 10% drop in trading volume to $45 billion.

This comes after Grayscale launched a staking option for its two Ethereum ETFs — ETHE and ETH, becoming the first asset manager to offer staking for spot Ethereum ETFs. On the first day, both funds staked 32,000 ETH, worth about $150 million.

ETHE will pay staking rewards in cash, while ETH will reinvest them to grow returns over time. This move is meant to attract more institutional investors, but inflows on launch day were still low.

BlackRock’s Ethereum ETF (ETHA) led the market with $92 million in inflows and a 4.47% price jump, while Grayscale’s ETHE and ETH brought in $14.8 million and $18.7 million. Meanwhile, Ethereum’s price rose 4% to $4,707, and analysts believe it could soon hit new all-time highs.

Ethereum Price May Continue The Bullish Reversal

Ethereum (ETH) is showing early signs of a bullish reversal after bouncing strongly from the key support level near $4,400. The price has climbed to around $4,700, hinting at renewed buying momentum as traders eye a potential move toward the $5,000 resistance zone. This recovery follows weeks of consolidation and signals growing optimism in the market.

The daily chart shows that Ethereum recently broke out of a downward channel that formed after facing resistance around $4,900 earlier this year. The rebound from the lower support level indicates that buyers are regaining control. If ETH can maintain this upward momentum, it could confirm a trend reversal and set the stage for another leg higher.

The Relative Strength Index (RSI) is currently at 63, suggesting bullish strength. A breakout above the resistance zone between $4,850 and $5,000 would likely confirm a strong upward move, potentially pushing ETH toward $5,200 or beyond. Meanwhile, strong fundamentals are supporting this recovery, including increased staking activity from Grayscale’s Ethereum ETFs and steady Bitcoin prices above $65,000, both of which are improving investor confidence across the crypto market.

If Ethereum holds above $4,400, analysts expect continued gains in the short term. However, a drop below this level could trigger a pullback toward $4,000. Overall, Ethereum’s latest price action and improving sentiment suggest that the asset may be entering a new bullish phase, with a clear breakout above $5,000 likely to confirm a stronger rally ahead.