#比特币2026年行情展望 Ethereum has recently exhibited an interesting phenomenon: the staking exit channel has been completely emptied for the first time. What does this indicate? In the short term, hardly anyone wants to sell their staked ETH, and selling pressure has completely disappeared.

On the other hand, the situation on the other side is very hot. The entry queue is full—over 2.6 million ETH are waiting in line to be staked, and the entire queue has already been scheduled for 45 days later. To earn nearly 3% annualized return, a large amount of capital is rushing to lock in their assets. This level of enthusiasm clearly shows how strong market expectations for ETH are.

Deeper still, more than 46% of all ETH on the network is in a permanently locked state. The circulating supply is continuously shrinking, and the supply side is tightening. Institutional investors are quietly bottom-fishing and staking, treating it as a long-term income-generating asset. This allocation strategy often reflects the true intentions of large capital.

Currently, ETH price is still hovering around $3,300, far from the recent high of $5,000. But on-chain data has already sounded the alarm—staking enthusiasm is at an all-time high, exit channels are idle, and the locking ratio is rising. Yet, the price has not fully responded to these signals. This "information gap" is usually the clearest early warning before a market trend truly starts. The market seems calm, but this calm often conceals enormous potential energy.