tldr; Ethereum staking demand has surged, with over 1.7 million ETH queued for staking, leading to a 30-day activation delay. This reduces circulating supply as staked ETH cannot be sold, while the exit queue remains minimal, indicating few withdrawals. This supply tightening, coupled with institutional participation, is impacting market dynamics. ETH is trading near critical price levels, with key support at $3,050 and resistance at $3,300. Upcoming network upgrades are also boosting long-term investor confidence in Ethereum’s scalability and utility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Ethereum staking demand has surged, with over 1.7 million ETH queued for staking, leading to a 30-day activation delay. This reduces circulating supply as staked ETH cannot be sold, while the exit queue remains minimal, indicating few withdrawals. This supply tightening, coupled with institutional participation, is impacting market dynamics. ETH is trading near critical price levels, with key support at $3,050 and resistance at $3,300. Upcoming network upgrades are also boosting long-term investor confidence in Ethereum’s scalability and utility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The moon is no the limit
