The queue of validator exits from Ethereum pools has dropped to almost zero. This happened for the first time since July 2025. The demand for staking suddenly increased, driven by, among others: aggressive accumulation by BitMine. In the background, the ether price is rising again and has broken an important resistance.
Staking on the Ethereum network is becoming fashionable
The validator exit queue on the Ethereum network has dropped back to almost zero. This has happened for the first time since July last year and may now ease the selling pressure.
The current output queue is “long” at only 288 ether. This is a 99.9% drop from the peak of 2.67 million ETH in mid-September.
It is worth adding that in the background, ETH exchange reserves are also falling – today they are the lowest in ten years.
We see the effects on the chart. The ETH rate broke the first important resistance – USD 3,200. We are fighting for the USD 3,600-3,700 zone.
Ether withdrawals are seen as a signal that validators want to unload their assets and sell them. The reverse process means the market is ready for hodling.
The ETH/BTC pair is also rising and preparing to fight for the 0.035 BTC level.
BitMine continues to bet on Ethereum
The company started its ETH staking on December 26, and on January 3, it added another 82,560 ether worth approximately USD 260 million to the entry queue. According to the latest announcement, BitMine is staking a total of 659,219 ETH today valued at $2.1 billion. And this is probably not the company’s last word.
The company also currently holds just over 4.1 million ETH, or approximately 3.4% of the Ethereum network’s total cryptocurrency supply, worth approximately $13 billion. And, importantly, it doesn’t slow you down when it comes to shopping.
