Ethereum price prediction: 1.16 million ETH in the staking queue, the consequences for the price

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.On October 20, 1,155,535 ETH are waiting for a staking slot and the wait runs to 20 days. In the opposite direction only 174,282 ETH are left. What the asymmetry means for the price at $2,443, and why EIP-8061 changes little about it.One ether costs $2,443, or 2,175 euros, on Tuesday evening. The number that says more about the network on this particular day is not on the price board, though: 1,155,535 ETH are waiting at the entrance to staking, and the estimated wait is 20 days and one hour. At Tuesday evening's price that comes to roughly $2.8 billion which their owners have already sent off and which will still earn nothing for three weeks. The opposite direction has almost emptied out at the same time. The exit queue still holds 174,282 ETH with a wait of four days and one hour. For every ether leaving staking there are 6.6 trying to get in. Where the price can point on a horizon of months is set out in our Ethereum price prediction. For the coming weeks the queue at the ent...