Crypto
Ethereum Staking Data Suggests Price Recovery Momentum
Ethereum's validator exit queue has dropped to zero, marking a significant turnaround from bearish predictions just over a year ago. The current price of ETH sits around $1,950, struggling to break through the key $2,000 resistance level.
The staking data paints a story that is yet to be reflected in the price chart. With more than 2.5 million ETH waiting to enter staking, an activation delay of nearly 44 days has been created.
According to recent statistics, total staked ETH has risen to approximately 40.9 million coins, representing about 33.6% of the circulating supply, the highest staking ratio in Ethereum's history.