Ethereum's strong positive line ignites the market, the "$ETH Guardians" regroup, and the staking track also heats up across the board.

$ETH has surged 40% in the last 7 days, with its market cap exceeding $875 billion. Its monthly return since May has reached 39.5%, not only marking its best single-month performance since 2025 but also driving a recovery across the entire ecosystem.

On-chain data shows that $1.2 billion has flowed into the Ethereum ecosystem in the past 7 days, with a net inflow of nearly $500 million, ranking first among major public chains.

This surge stems not only from price correction and the approaching Pectra upgrade but, more importantly, from the renewed expectation of ETF staking functionality. Institutions such as Grayscale and BlackRock have been in close communication with the SEC to promote the introduction of on-chain staking functionality for the US version of the Ethereum spot ETF. In contrast, Hong Kong regulators have already taken the lead in releasing staking ETFs, indicating that regulatory implementation is expected to accelerate.

Funds are rapidly flowing into the staking track. Lido's TVL has increased by 57% in one month, reaching $22.9 billion, and the $LDO token has risen by nearly 49%. EigenLayer's TVL has broken through $11.3 billion, with the token price rising by 70% in a month. Projects such as Rocket Pool, Symbiotic, and SSV Network have also exploded simultaneously, with TVL and token prices soaring. The SSV token's monthly increase has even exceeded 90%.

Behind this round of rebound is the resonance of on-chain funds, policy expectations, and narrative popularity. The Ethereum staking and restaking ecosystem is not only the core stage for new narratives but also a crucial direction for future fund allocation.

The next step depends on the pace of ETF staking implementation and the technological realization of leading projects.