Ethereum (ETH) is up more than 8% over the past 48 hours, climbing from around $2,400 on July 1 to nearly $2,600 at the time of writing. The latest on-chain analysis reveals that both accumulation addresses and liquid staking volume are approaching all-time highs (ATH), fueling optimism that ETH’s price may soon follow. Ethereum Liquid Staking, Accumulation Addresses Nearing Historic Highs According to a recent CryptoQuant Quicktake post by contributor Carmelo_Aleman, Ethereum’s liquid staking activity has seen a notable increase since June 1. The total amount of ETH staked rose from 34.54 million to 35.52 million by June 30 – an increase of nearly one million ETH in just one month. As of July 1, ETH set a new record in liquid staking, reaching 35.56 million ETH. A closer look suggests that most accumulation addresses are linked to institutional investors, exchange-traded funds (ETFs), and other large holders. Many of these investors choose to earn yield through liquid staking while waiting for substantial price appreciation. Among the biggest beneficiaries of this trend are decentralized finance (DeFi) protocols like Lido and Binance Liquid Staking, known for their scale and investor-friendly features. In addition to the rise in liquid staking, ETH accumulation addresses are also nearing record highs. As shown in the following ETH Cohort Study chart, these addresses grew 35.97% – from 16.72 million on June 1 to 22.74 million by June 30. For the uninitiated, Ethereum accumulation addresses are wallets that acquire and hold ETH without significant outgoing transactions, often excluding known exchange, miner, or smart contract addresses. These addresses typically signal long-term investor confidence, as they represent entities accumulating ETH without actively selling.  Also worth highlighting is that the Realized Price of these accumulation addresses – their average acquisition cost – stood at $2,114 on July 1. As ETH trades at $2,593 at the time of writing, these accumulation addresses are sitting on a healthy profit of approximately 22.65%. ETH Primed For A Breakout? Technical analysis suggests that ETH could be poised for a breakout in the near term. In a recent post, crypto analyst Titan of Crypto pointed out that ETH appears ready to break out of a broadening wedge pattern on the weekly chart, with a potential upside target of $4,200. Institutional interest in Ethereum also appears to be strengthening. Notably, ETH may have found its own “MicroStrategy moment,” with Tom Lee and Joe Lubin revealing plans to accumulate significant ETH positions. That said, ETH must maintain support above the $2,200 level. A breakdown below this threshold could open the door for a drop to as low as $1,160. At press time, ETH is trading at $2,593, up 1.7% in the past 24 hours.

LDO crypto is stuck below $1, sliding by over 90% from all-time highs. Lido Finance has been shipping major updates, including the release of v3 in testnet-2. The CSM is also live and permissionless. Lido Finance is a critical part of the Ethereum staking infrastructure. Those who cannot raise the required 32 ETH can stake much less via Lido. What’s great about Lido is that even after staking your ETH, you can still use it for other income-generating activities via ETH. EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025 LDO Crypto Tumbles, Down 90% From 2021 Highs With DeFi driving the market in the last bull run from 2020 to 2021, Lido prices spiked to as high as $7.30. However, recent performance shows that LDO ▲2.23% may take years to retest this key level. Currently, LDO crypto is trading below $1, ranging between $0.68 and $0.72 in the past 24 hours. Presently, the LDO price is down 90% from all-time highs, trailing some of the best Solana meme coins. Surprisingly, early adopters are still up 70% from the all-time low of $0.40 posted three years ago, per Coingecko data. From the LDOUSDT daily chart, LDO is more likely to break below April 2025 lows than surpass $1.16 and the May 2025 local resistance. Prices have been steadily declining in recent days after an impressive spike in May 2025. Lido DAO TokenPriceMarket CapLDO$660.05M24h7d30d1yAll time The pace of recovery will ultimately depend on how Ethereum performs. As one of the largest DeFi protocols on Ethereum, managing over $22.3 billion in total value locked (TVL), ETH directly impacts LDO prices. (Source) If ETH overcomes its recent weakness, surging above $2,800 and $3,000, some of the best cryptos to buy, including LDO, could turn around, rewarding patient HODLers. Lido Building: v3 in Testnet as CSM Boosts Decentralization The speed of this recovery, which could lift LDO from its discouraging downward spiral, depends on how quickly their innovations gain traction, further helping the protocol lock in more ETH. Yesterday, Lido developers unveiled Lido v3 testnet-2 on the Hoodi Ethereum testnet. While still in development, the release, once live on the Ethereum mainnet, will introduce an upgraded version of their stVaults system. EXPLORE: 15 New & Upcoming Coinbase Listings to Watch in 2025 Lido V3 Testnet-2 is live. Contracts, a modified web UI, and CLI are fully synced and ready for action.https://t.co/rJ3qSuuaA6 This marks a major milestone on the path to customizable, modular Ethereum staking. ↓ pic.twitter.com/E1LeViGX1U — Lido (@LidoFinance) June 25, 2025 These are modular autonomous vaults that will enable other Ethereum protocols and institutions to build custom staking products, such as leveraged staking and over-collateralized security pools. Additionally, developers are testing CLI enhancements to improve tooling for developers. Once live, these enhancements will allow developers to onboard users more easily within a robust staking app development environment. Earlier, the Lido development team upgraded their Community Staking Module (CSM), making it permissionless. The primary goal was to enhance decentralization, allowing anyone to run Lido validators with minimal capital requirements. To connect to the CSM, node validators need at least 1.5 ETH. Since its release, there were over 500 node operators as of February 2025. CSM v2 Features – Part 2: Variable Node Operator reward share Unlike v1’s flat reward share, v2 introduces a differentiated reward structure based on Node Operator type and the number of active validators. pic.twitter.com/AuAt0Q3oYd — Lido (@LidoFinance) June 6, 2025 In early June, they introduced CSM version 2, introducing a variable reward model for node operators. DISCOVER: 6 Best Meme Coin ICOs & Presales to Invest in 2025 LDO Crypto Stuck Below $1: Lido Finance v3 Testnet, CSM Updates

• LDO price down 90% from all-time highs 
• Will LDO crypto break $1 and May 2025 highs? 
• Lido v3 testnet-2 is now live on Hoodi Ethereum testnet 
• Lido CSM is live and permissionless, attracts new validators