#Ethereum staking queue hits 18-month high – explained simply

• Staking demand on the Ethereum network has increased sharply

• The staking queue is now at its highest level since mid-2023

• Millions of ETH are waiting to be activated for staking

• Ethereum can only activate a limited number of validators per day, causing delays

• The exit (unstaking) queue is very small, meaning few people are withdrawing ETH

• More ETH is being locked, not sold

• This shows strong long-term confidence in Ethereum

• Higher staking participation also improves network security

Bottom line:

ETH holders are choosing to stake rather than sell, which is generally seen as a bullish on-chain signal 📈

#MarketRebound #BinanceHODLerBREV $ETH

ETH

2,914.52

+0.80%