Validator deposits on the Ethereum network are now exceeding withdrawals for the first time in six months, raising expectations of a price rebound for Ethereum. The significant increase in the deposit queue is interpreted as a sign of easing pressure on Ethereum supply and restoring trust among long-term holders and institutions.
Staking Reversal After 6 Months… Deposits Outpace Withdrawals
According to on-chain data, Ethereum staking deposits have recently surpassed withdrawals. This marks a reversal of the previous high withdrawal trend and signals a return of confidence in the network. Currently, there are approximately 788,310 ETH (approximately 3.122 trillion won) in validator deposits, approximately 2.5 times the 312,091 ETH (approximately 1.3846 trillion won) in pending withdrawals. Demand is so high that new deposits are now waiting for approximately 13 days or more to be reflected.
Large-scale institutional staking drives Bitcoin's 1 trillion won worth of deposits.
Institutional participation also contributed to the surge in validator deposits. Cryptocurrency company Bitmine staked 342,560 ETH (approximately 1.0397 trillion won) on December 28th alone. This is part of preparations for the launch of its validator network, MAVAN, which is scheduled to launch in the US in 2026. Such large-scale deposits by institutional investors, acting as "vaults," could reduce the circulating supply and positively impact the ETH price.
Ethereum's active validators approach 980,000, with 29% of total tokens locked.
As of now, the Ethereum network has 983,060 active validators, representing approximately 29.29% of the total ETH supply. Approximately 35.5 million ETH are locked up through staking. The recent Ethereum upgrade "Pectra" has created an environment where large assets can be easily re-staking, leading to a surge in re-staking.
The "deposit overflow" zone has shown signs of rising in the past... but will it reach $4,000 this time?
Experts are predicting a potential ETH price rebound, comparing it to similar periods in the past. In June, Ethereum's price doubled in a short period after staking deposits exceeded withdrawals. ETH is currently holding at $2,930 (approximately 4.22 million won). Analysts predict that if the rebound continues without a clear break below the $3,000 support level, a break above $4,000 (approximately 5.76 million won) is possible.
Article Summary by TokenPost.ai
🔎 Market Interpretation
Ethereum staking deposits are once again exceeding withdrawals, signaling a return of trust among long-term holders and institutions. In particular, the lock-up of large assets on the network is likely to reduce circulation, driving upward price pressure.
💡 Strategy Points
- Focus on whether ETH will support the $3,000 level.
- If the net increase in staking deposits continues, a short-term price increase is expected.
- The large-scale staking trend centered on institutions has a direct impact on reducing the circulation.
📘 Glossary
- Staking: The act of depositing cryptocurrency into the network to participate in verification work and receive rewards.
- Deposit Queue: Amount of ETH waiting to be staked on the network
- MAVAN: A validator-operated network to be launched by Bitmine.
💡 Want to know more? AI-prepared questions for you:
A. Ethereum staking involves depositing ETH into the network to contribute to block creation and earn rewards. With staking deposits recently surpassing withdrawals, expectations are growing for a return to market confidence and a price rebound.
A. ETH deposited through staking cannot be sold on the market, reducing the available supply. A reduced supply reduces supply relative to demand, increasing the likelihood of a price increase.
A. Yes, Ethereum surpassed $4,000 several times in 2021 and 2022, often coinciding with periods of strong staking inflows and price rebounds.
A. MAVAN is Bitmine's validator network, providing infrastructure that allows more institutions to access Ethereum staking. This can contribute to the network's decentralization and stability.
TP AI Precautions
This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
Get real-time news... Go to TokenPost Telegram
Copyright © TokenPost. Unauthorized reproduction and redistribution prohibited.
