ETH fell below 2,400, while the staking queue grew to around 1.4 million ETH. I’m watching for now, not buying in.
On Binance, the ETH/USDT spot price hit a low of 2,360.32 early this morning and was around 2,384 at 8 a.m., down about 3.9% over 24 hours.
According to Farside data, U.S. spot ETH ETFs saw net outflows on 13 of the first 15 trading days in October, totaling around $1.07 billion.
Meanwhile, validatorqueue showed around 1.4 million ETH queued to enter staking this morning, compared with only around 56,000 ETH queued to exit.
I think locked-up ETH can reduce selling pressure, but the ETH waiting to be staked is already being held by someone—it doesn’t mean new money is coming in to buy.
In the short term, prices are still more influenced by ETF flows, and those haven’t recovered yet.
On the daily chart: if the close falls below the October 15 low of 2,318, I’ll keep waiting. If ETFs turn to sustained net inflows and the price climbs back above 2,480, this view is invalidated.
Do you think ETH’s next move will depend more on staking lockups or ETF flows?
$ETH
#ETH #以太坊ETF
On Binance, the ETH/USDT spot price hit a low of 2,360.32 early this morning and was around 2,384 at 8 a.m., down about 3.9% over 24 hours.
According to Farside data, U.S. spot ETH ETFs saw net outflows on 13 of the first 15 trading days in October, totaling around $1.07 billion.
Meanwhile, validatorqueue showed around 1.4 million ETH queued to enter staking this morning, compared with only around 56,000 ETH queued to exit.
I think locked-up ETH can reduce selling pressure, but the ETH waiting to be staked is already being held by someone—it doesn’t mean new money is coming in to buy.
In the short term, prices are still more influenced by ETF flows, and those haven’t recovered yet.
On the daily chart: if the close falls below the October 15 low of 2,318, I’ll keep waiting. If ETFs turn to sustained net inflows and the price climbs back above 2,480, this view is invalidated.
Do you think ETH’s next move will depend more on staking lockups or ETF flows?
$ETH
#ETH #以太坊ETF