As Ethereum (ETH) recently regained key levels above $3,200, the dynamics in its staking system have changed significantly. For the first time in almost six months, the Ethereum staking input queue now exceeds the output queue, which is seen by many as a bullish indicator for ETH prices.
There is currently a significant amount of 1.32 million ETH waiting to be staked, with an average wait time of 23 days, while only about 3,000 ETH is in the queue for withdrawal, which takes just an hour, indicating a net raise in locked ETH rather than unlocked coins.
Bullish signals for Ethereum
Analysts at Bull Theory suggest that historically, significant jumps in entry queues occur when investor confidence in Ethereum’s long-term potential increases. However, extending queues to the exit is often associated with market anxiety or forced sales.
The current situation is of increasing demand for entry, decreasing pressure for exit and an overall raise in network congestion – a combination often seen before stronger bullish cycles for ETH.
These positive sentiments are reinforced by the current high level of online activity. Daily transactions on the Ethereum network are trending upwards, indicating that market participants are actively engaging with the platform rather than leaving it.
Increased network usage leads to increased ETH is burningcontributing to a supply crunch that further supports the value of the asset. According to analysts, institutional investment is one of the significant factors causing the current raise in stake numbers.
In the last two weeks alone, BitMine – the public company with the largest stake in Ethereum – has staked approximately $2.58 billion worth of ETH, signaling a long-term commitment to the asset and suggesting growing institutional interest in the digital asset.
Key factors suggest significant growth is coming
These developments are ahead of potential catalysts that could further drive demand. While the BlackRock Ethereum ETF is still awaiting approval, its eventual greenlight could provide access to a broader pool of customary capital, thereby increasing overall demand for ETH staking.
Additionally, ETH successfully broke a three-month downward trend. Analysts predict that if levels between $3,500 and $3,600 can be regained, there could be a significant upside.
According to CoinGecko, ETH is currently up 11% over the past two weeks dataplacing the token just below these key levels at $3,270. This result even exceeded that Bitcoin (BTC), which grew by just 6% over the same period.
Taking into account additional factors such as the anticipated approval of the BlackRock ETF and the potential to provide regulatory clarity through the passage of the Market Structure Act, also known as the Transparency Act, Ethereum appears to be in a sturdy position to experience significant growth in 2026.
Featured image from DALL-E, chart from TradingView.com
