Ethereum Price Prediction: 1.6 Million ETH Face a 28-Day Wait for Activation, and What You Can Do Now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.1,603,958 ETH are standing in the entry queue for Ethereum staking and waiting almost 28 days for activation. What that tied-up supply means for the price levels, for your yield and for the 256 euro exemption limit at the German tax office.There are 1,603,958 ETH sitting in the entry queue for Ethereum staking this Wednesday morning. Anyone depositing today will see their validator activated only around 28 days later, so somewhere near October 28. For the Ethereum price prediction that figure says more than the daily quote, because it describes supply: a good 1.6 million ETH worth roughly $4.27 billion have already been deposited, yet they can neither be sold nor moved while they stand in the lock. Ethereum itself trades at $2,661, or 2,342 euros, a good one percent below the previous day and almost four percent below the previous week. The price on its own tells you little. The queues on both sides of staking tell you more, and they have turned noticeably over the past ten days...