Ether Breaks $1,900 as Record Staking Fuels $2,100 Hopes

Ether, the native asset of the Ethereum network, remains in recovery mode after a roughly six-month bear market and is still 61% below its August 2025 record high. Weak demand for blockchain processing, subdued decentralized-exchange volumes and cautious derivatives positioning have tempered enthusiasm, making the $1,900 threshold an important test of whether July’s broader improvement in cryptocurrency risk appetite can develop into a sustained rally.

ETH climbed to $1,950 on July 21, its highest in seven weeks and a 29% rebound from the June 26 low of $1,500, triggering $62 million in liquidations of leveraged bearish positions. Staking Rewards data showed a record 34% of Ether supply was staked, up from 33% a month earlier, potentially curbing selling pressure. Still, DefiLlama reported weekly DEX volume of just $7.2 billion and DApp revenue of $9.8 million, the lowest since September 2024. Traders are watching Alphabet’s July 22 outlook as a potential catalyst for a move toward $2,100.