Ethereum Validator Exit Queue Hits Record 45-Day Wait Time

Ethereum Staking Update

  • Ethereum's validator exit queue has reached a record high of nearly 45 days.
  • This situation increases risks for liquid staking tokens (LSTs) and lending-related tokens (LRTs).
  • Redeeming staked ETH becomes slower, affecting its use as collateral.
  • Experts warn that this may amplify risk during market volatility or liquidity demands.

Ether staking validator queue

ETH Price Dynamics

  • ETH has reclaimed the $4,500 level, with resistance at $4,700.
  • If ETH fails to hold $4,500, it might retest $4,000–$4,100.
  • CME Futures show record-high open interest, indicating strong institutional demand.
  • High open interest could lead to liquidation risks during contract expirations.

Ether CME Futures OI

Accumulation and Support Levels

  • ETH is trading around $4,518, up by 2.2% in the past day.
  • Approximately 1.7 million ETH, worth $7.5 billion, accumulated near $4,300–$4,400 zone.
  • This area is becoming a strong support zone due to withdrawals from exchanges.

Best Wallet Presale Insights

  • Best Wallet ($BEST) presale has raised $15.7 million.
  • The project offers a non-custodial multi-chain wallet and other ecosystem features.
  • $BEST token offers staking rewards of up to 84% APY.