Ethereum Holds $1,700 as Liquid Staking Shows Strength; Cross-Chain Project Nears $1M

Jul 10, 2026, 10:11 a.m. 4 sources positive

Key takeaways:

  • Record low exchange reserves and 33% staked ETH signal an Ethereum supply squeeze.
  • Lido's $16B dominance boosts LDO value, but protocol concentration remains a systemic DeFi risk.
  • Consistent ETF inflows reveal institutional bets on Ethereum as a yield asset, not just a volatility hedge.

The crypto market displayed surprising stability this week despite heightened US-Iran tensions and the end of a previous ceasefire. Ethereum successfully defended its $1,700 support, trading around $1,750 with a 1.7% daily gain, while Bitcoin held near $63,000. Spot Ethereum ETFs recorded $70.48 million in net inflows for the fifth consecutive day, signaling sustained institutional demand.

Data from Cryptoquant reveals that liquid staking protocols lost only 1.3% of their locked ETH in Q2, holding 14.5 million ETH—just below the all-time high of 14.7 million. Over the past three years, liquid staking deposits grew by 68%, from 8.6 million to 14.5 million ETH. Lido DAO remains the dominant protocol with over $16 billion in TVL, generating nearly $2 million in monthly earnings. Meanwhile, Ethereum’s Beacon Chain now secures 40.3 million ETH (33% of total supply), with another 1 million ETH staked in June alone. Exchange reserves are near multi-year lows, and a recent whale moved 4,491 ETH into Lido staking after withdrawing 34,557 ETH from Binance, highlighting a shift from speculation to accumulation.

In this stable environment, cross-chain innovator LiquidChain (LIQUID) is nearing $1 million in its presale, raising over $891,000. The project aims to bridge Ethereum, Bitcoin, and Solana through a Layer 3 network, offering lower fees and simplified cross-chain liquidity. Tokens are priced at $0.01478 in stage 83, with staking APY up to 1,258% for early participants. Investors can join via popular Web3 wallets or fiat options.

Previously on the topic:
Jul 10, 2026, 6:12 p.m.
Ethereum Battles Resistance at $1,800 with $1,955 Rally Target in Sight
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