Ethereum Staking Surge Strengthens ETH’s Bullish Case

[ed]

While Ethereum debates long-term self-sustainability, its on-chain metrics are flashing confidence. The Ethereum validator exit queue has dropped to zero, while the entry queue has surged to 2.6 million ETH—its highest level since mid-2023. This imbalance suggests falling sell pressure and growing conviction in ETH as a yield-bearing asset.

According to Santiment, more than 46.5% of ETH’s total supply is now locked in the proof-of-stake deposit contract. Institutional players like BitMine Immersion Technologies have contributed heavily to staking inflows, reinforcing the view that Ethereum’s economic foundations are strengthening—even as philosophical debates about its future continue.

[cryptohog]

validator exit queue at zero feels like quiet confidence nobody’s really talking about