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The Ethereum validator queue is at 14 days. Curious. More than 833,000 ETH are waiting to enter staking. This happens right after ETH hit its all-time high of $4,946. It seems that interest remains high.
The queue has ETH valued at around $3.6 billion. That's no small feat. The waiting time: 14 days and change. A queue of validators is like a virtual line for those who want to secure the network and earn rewards.
The numbers have fluctuated. Last week the output queue was larger, but it has decreased. On the input side, it went up and down. It peaked on September 2, the highest since the Shanghai upgrade. Interesting.
ETH is at $4,420. It rose by 1% today, but fell over the week. The trading volume is $31.6 billion. A little more than yesterday. Investors seem indecisive.
They say that small fish are buying, but whales are staying on the sidelines. Without them, maybe the price won't rise much more. But who knows, the crypto market always surprises.