Ethereum Price Fears Crashing to $2,800 As 640,000 ETH Exits Staking

Ethereum’s Unstaking Queue Hits Record High, $2.6B in ETH...

Ethereum’s staking mechanism is under strain. The network just logged its largest-ever validator exit wave, with nearly 693,000 ETH (≈ $2.6 billion) now queued for withdrawal. That backlog has pushed exit delays to a 12-day wait,the longest since Ethereum introduced staking. By contrast, fresh staking deposits currently stand at 296,000 ETH, clearing in just hours. The imbalance is stark,and it speaks volumes about shifting sentiment across the …

Ethereum Validator Exit Queue Hits Record 640,000 News ETHNews

January 2024 saw similar exits (500,000) when ETH rose from $2,200 to $3,500, indicating pattern behavior. While 350,000 validators await entry, exit requests now nearly double that figure, showing shifting staking participation. A record 640,000 Ethereum validators currently await exit from staking. This queue represents validators initiating the unstaking process. The figure exceeds January 2024’s previous high of 500,000 exits. Current ETH pr…

Ethereum Faces Market Turmoil Amid Staking Withdrawals - Blockchain & Cryptocurrencies Tabloid

Ethereum sees market volatility with ETH dropping below $2,800 amid large staking exits. The post Ethereum Faces Market Turmoil Amid Staking Withdrawals appeared first on Blockchain & Cryptocurrencies Tabloid.

Ethereum Price Fears Crashing to $2,800 As 640,000 ETH Exits Staking

Ethereum price has dropped by 0.7% in 24 hours to trade at $3,640 today, July 24. ETH is now staring down at the possibility of dipping to $2,800 after more than 640,000 entered the queue of validators looking to exit staking. This situation has left traders wondering if $2,800 will be the next stop. Ethereum The post Ethereum Price Fears Crashing to $2,800 As 640,000 ETH Exits Staking appeared first on CoinGape.