The price of Ether increased by 120% last time.
The amount of Ether (ETH) in the hold queue has exceeded expectations without being covered, an event that has preceded massive ETH price rallies in the past.
Main Receptors:
The Ethereum staking queue has surpassed the exit queue, an event that has historically led to major ETH price rallies.
ETH looks higher above $2,750, charts point at $5,000 target.
The Ethereum validator's input queue is longer than the output queue
Ethereum's entry queue increased to 745,619 ETH at a value of $2.2 billion, with a waiting period of 13 days. This has crossed the exit queue for the first time since June, currently at 360,528 ETH ($1.06 billion).
This represents the maximum amount of Ether set aside for holding by the network's validators as of November 30th.
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Data from ValidatorQueue shows that the current number of active validators is over 983,371 million, which is 29.3% of the total ETH supply, or around 35.5 million ETH.
DefiIgnas wrote in a Saturday X post, “Ethereum validator overwrites login queue exit.
“Pectra's update improved the stacking UX and increased the maximum validation thresholds, making recovery easier for large scales.”
This means that most validators will want to hold their ETH, reducing sell-side pressure.
“The ETH validator input queue is now larger than the output queue, the first time in six months,” Abdul, head of Defi Monad, told XPost on Sunday.
“The last time this happened in June, ETH doubled in value shortly after.”
Data from TradingView shows that the number of ETH expected to sell for the stock is 90% and 126% higher than the last two months before Ether's price rallies in March and June, respectively.
If history repeats itself, the price of ETH could rise to $5,000 by 2026, thanks to the increased share price, high network activity and low transaction fees.
The Ether 2024 fractal setup targets the $5,000 ETH price.
Ether's current technical structure closely mirrors the setup that triggered the Q4/2024 price rally.
The chart below suggests that the horizontal price action in the $2,750-$3,200 range has a whipsaw-like behavior between July and October 2024 at $2,260 and $2,750.
Once the price broke from the high range at $2,750, it rallied 74.5% to $4,100 in December 2024.
With prices above $2,750, the ETH/USD pair has the potential to rally 75% from current levels to $5,120 in 2024, echoing the rally that followed the same technical setup.
According to investor and trader Titan of Crypto, “ETH has already retraced 61.8% from its last bullish move” as seen in mid-2024, where the price usually reacts.
He added:
“$2,750 is a key level to watch in the coming weeks.”
As Cointelegraph reports, Ether's rally to a new all-time high in 2026 may be in question or a “bull trap,” as some prominent industry figures say.
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This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision. While we strive to provide accurate and up-to-date information, Cointelegraph does not guarantee the accuracy, completeness or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph shall not be liable for any loss or damage arising from reliance on this information.
