Ethereum price prediction: 986,847 ETH queue to stake while only 4,320 ETH wait to exit

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.Close to one million ether is waiting to enter staking, while only 4,320 ETH want out. What that ratio says about ether at $2,229, which levels matter until the end of November and what stakers in Germany need to know about tax.Add as a preferred source on GoogleFollow on Google NewsClose to one million ether was waiting on Friday evening to enter staking, while only 4,320 ETH had requested to exit. That is the picture from the queue tracker validatorqueue.com on November 6. Ether itself cost $2,229 on Friday evening according to CoinGecko, 13.4 percent below its level 30 days earlier. What the data show: despite the price decline, hardly anyone is leaving staking, and inflows are still large enough to produce a wait of just over 17 days. Our assessment follows further down: the queue supports supply, but it does not replace new buyers in the market. Where the price could head over a horizon of months is covered in our Ethereum price prediction. This piece looks at the short ter...