Ethereum staking has reached a significant milestone with 34.8 million ETH now locked, accounting for approximately 28.15% of its circulating supply. This increase is driven by heightened investor confidence and institutional interest, spurred by the anticipated approval of spot Ethereum ETFs by the U.S. SEC. These ETFs are expected to include staking, potentially boosting Ethereum's attractiveness as a yield-generating asset. The price of Ethereum has surged over 8% in the last 24 hours, currently trading at $2,768. The bullish momentum suggests a potential test of the $2,800 resistance level, with analysts forecasting a possible breakout towards $2,900 if the upward pressure continues. The developments underscore the growing maturity of the Ethereum ecosystem and its appeal to institutional investors.