Ethereum Validator Queue Hits 48-Hour Wait as Staking Interest Resurges
• Queue for new Ethereum validators longest since early October, indicating renewed interest in staking • Over 225,000 ether ($562 million) waiting to be validated, expected to take 48+ hours to clear backlog • Yields on staked ether remain below 4% despite uptick in validators • Validator queue spikes follow periods of increased activity like post-Merge upgrade enabling withdrawals • Ether price trails Bitcoin last week; uncertainty around ETFs and SEC classification seemingly limiting aggressive buying