Ethereum stake queue surges to 860,000 ETH, reaching a nearly two-year high, breaking the key resistance of $5,000 or hitting $15,000 | ETH price prediction
The Ethereum staking entry queue has reached 860,369 ETH (approximately 3.7 billion USD), setting a new high since 2023, indicating increased long-term confidence in ETH from both institutions and retail investors. Over 70 treasury participants hold 4.7 million ETH, primarily for staking yield strategies. Although the ETH price has pulled back 12.4% from its historical high in August, long-term holders continue to get on board. Co-founder Joseph Lubin predicts a hundred-fold rise for ETH, with analysts bullish in the short term to 5,500–12,000 USD. If it breaks through the key resistance at 5,000 USD, it may target 15,000 USD in the medium to long term.
The staking queue has risen sharply, reflecting a recovery in market confidence.
On September 3rd, the Ethereum staking entry queue reached a scale of 860,000 ETH, marking the highest level since the 2023 Shanghai upgrade allowed redemptions. The staking protocol Everstake stated that this phenomenon reflects the market's renewed confidence in Ethereum's long-term potential and a significant influx of institutional capital. Currently, the price of Ethereum hovers around $4,321, and with low Gas fees, the attractiveness of staking has further increased.
Currently, a total of 35.7 million ETH is locked in staking contracts, accounting for about 31% of the total supply. On August 29, the exit queue briefly surpassed 1 million ETH, raising market concerns, but then fell by 20%. The increase in staking activity helps alleviate the pressure of large-scale exits.
Institutional funds are making long-term allocations, and staking strategies are becoming mainstream
The corporate treasury currently holds over 4.7 million ETH, worth more than 20 billion USD, with most of it used for staking to earn interest. StrategicEtherReserve data shows that more than 70 treasury participants have begun to deploy long-term staking strategies. Since July, the inflow and outflow queues for staking have approached balance for the first time, indicating a healthier staking environment and a continuous growth in underlying yield demand.
Founders and analysts are bullish, with a top target of $15,000
Ethereum co-founder Joseph Lubin believes that ETH could rise by more than 100 times in the future, becoming the infrastructure for traditional finance (TradFi) to transition to decentralized finance, replacing existing systems of institutions like JPMorgan. He referred to ETH as a new type of virtual commodity called "decentralized trust" that institutions will have to adopt.
Fundstrat analyst Tom Lee is also bullish, predicting that ETH will reach $5,500 in the near term, with a year-end target of $12,000. Lee pointed out that after the U.S. Senate passed the "GENIUS Stablecoin Act," Wall Street's attitude towards Ethereum has significantly changed. Currently, Ethereum supports over $145 billion in stablecoin supply, making it a core underlying infrastructure of TradFi.
Technical Analysis and Market Sentiment: Can We Replicate the Bull Market Trend of 2017?
Ethereum is currently priced at $4,423, with traders closely monitoring the resistance area of $4,800–$5,000. Analyst @EtherNasyonaL points out that the current consolidation and breakout structure of ETH is similar to that of 2017. If it effectively breaks through $5,000, it could see a threefold rise, with a mid-term target of $12,000–$15,000.
(Ethereum is on the verge of a parabolic breakout, with whales and bulls pushing the ETH price towards $15,000)
Despite the RSI indicator reaching 78, showing short-term overbought conditions, the seasonal rising trend in the fourth quarter (average increase of 10-15% from 2016 to 2024) may offset pullback pressures. On a macro level, global M2 liquidity has increased by 5.2% this year, with whales accumulating 260,000 ETH within 24 hours, and a staking yield of 1.89%, all supporting a long-term bullish logic.
Risk and Volatility Warning
MIT Sloan research indicates that there is a 35% chance that a resistance level breakout is a false signal, and caution is needed for a short-term pullback. There are still nearly 1 million ETH in the validator exit queue, which could create selling pressure if market sentiment changes. Although the Finder expert group predicts that ETH will reach $6,100 by the end of 2025, Wallet Investor sees it long-term at $7,000, and a high RSI along with rapid pump could still trigger a technical adjustment.
Conclusion
Ethereum is at the starting point of a new bullish market driven by institutional staking, macro liquidity, and Layer 2 development. Despite short-term volatility risks and overbought signals, the long-term growth narrative is intact, and a breakthrough above $5,000 is expected to open up significant upside potential. The market will continue to pay attention to global liquidity changes and regulatory dynamics to assess whether ETH can replicate its glory from 2017.
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Ethereum stake queue surges to 860,000 ETH, reaching a nearly two-year high, breaking the key resistance of $5,000 or hitting $15,000 | ETH price prediction
The Ethereum staking entry queue has reached 860,369 ETH (approximately 3.7 billion USD), setting a new high since 2023, indicating increased long-term confidence in ETH from both institutions and retail investors. Over 70 treasury participants hold 4.7 million ETH, primarily for staking yield strategies. Although the ETH price has pulled back 12.4% from its historical high in August, long-term holders continue to get on board. Co-founder Joseph Lubin predicts a hundred-fold rise for ETH, with analysts bullish in the short term to 5,500–12,000 USD. If it breaks through the key resistance at 5,000 USD, it may target 15,000 USD in the medium to long term.
The staking queue has risen sharply, reflecting a recovery in market confidence.
On September 3rd, the Ethereum staking entry queue reached a scale of 860,000 ETH, marking the highest level since the 2023 Shanghai upgrade allowed redemptions. The staking protocol Everstake stated that this phenomenon reflects the market's renewed confidence in Ethereum's long-term potential and a significant influx of institutional capital. Currently, the price of Ethereum hovers around $4,321, and with low Gas fees, the attractiveness of staking has further increased.
Currently, a total of 35.7 million ETH is locked in staking contracts, accounting for about 31% of the total supply. On August 29, the exit queue briefly surpassed 1 million ETH, raising market concerns, but then fell by 20%. The increase in staking activity helps alleviate the pressure of large-scale exits.
Institutional funds are making long-term allocations, and staking strategies are becoming mainstream
The corporate treasury currently holds over 4.7 million ETH, worth more than 20 billion USD, with most of it used for staking to earn interest. StrategicEtherReserve data shows that more than 70 treasury participants have begun to deploy long-term staking strategies. Since July, the inflow and outflow queues for staking have approached balance for the first time, indicating a healthier staking environment and a continuous growth in underlying yield demand.
Founders and analysts are bullish, with a top target of $15,000
Ethereum co-founder Joseph Lubin believes that ETH could rise by more than 100 times in the future, becoming the infrastructure for traditional finance (TradFi) to transition to decentralized finance, replacing existing systems of institutions like JPMorgan. He referred to ETH as a new type of virtual commodity called "decentralized trust" that institutions will have to adopt.
Fundstrat analyst Tom Lee is also bullish, predicting that ETH will reach $5,500 in the near term, with a year-end target of $12,000. Lee pointed out that after the U.S. Senate passed the "GENIUS Stablecoin Act," Wall Street's attitude towards Ethereum has significantly changed. Currently, Ethereum supports over $145 billion in stablecoin supply, making it a core underlying infrastructure of TradFi.
Technical Analysis and Market Sentiment: Can We Replicate the Bull Market Trend of 2017?
Ethereum is currently priced at $4,423, with traders closely monitoring the resistance area of $4,800–$5,000. Analyst @EtherNasyonaL points out that the current consolidation and breakout structure of ETH is similar to that of 2017. If it effectively breaks through $5,000, it could see a threefold rise, with a mid-term target of $12,000–$15,000.
(Ethereum is on the verge of a parabolic breakout, with whales and bulls pushing the ETH price towards $15,000)
Despite the RSI indicator reaching 78, showing short-term overbought conditions, the seasonal rising trend in the fourth quarter (average increase of 10-15% from 2016 to 2024) may offset pullback pressures. On a macro level, global M2 liquidity has increased by 5.2% this year, with whales accumulating 260,000 ETH within 24 hours, and a staking yield of 1.89%, all supporting a long-term bullish logic.
Risk and Volatility Warning
MIT Sloan research indicates that there is a 35% chance that a resistance level breakout is a false signal, and caution is needed for a short-term pullback. There are still nearly 1 million ETH in the validator exit queue, which could create selling pressure if market sentiment changes. Although the Finder expert group predicts that ETH will reach $6,100 by the end of 2025, Wallet Investor sees it long-term at $7,000, and a high RSI along with rapid pump could still trigger a technical adjustment.
Conclusion
Ethereum is at the starting point of a new bullish market driven by institutional staking, macro liquidity, and Layer 2 development. Despite short-term volatility risks and overbought signals, the long-term growth narrative is intact, and a breakthrough above $5,000 is expected to open up significant upside potential. The market will continue to pay attention to global liquidity changes and regulatory dynamics to assess whether ETH can replicate its glory from 2017.