The behavior of Ethereum network validators anticipates a bullish rally in the cryptocurrency market, which has been quiet for now.
On January 18, the number of ETH coins to be unlocked dropped to zero, and the number of digital assets that are in the queue for staking, has risen to 2,6 million, worth $8,6 billion at the current exchange rate. This suggests that the circulating supply of the virtual currency will decrease due to node operators earning money by processing transactions.
Change in the number of Ethereum to unlock (red line) and stake (blue)
The last time the amount of ETH waiting to be unlocked dropped to zero was in June 2025, when the market, like now, was experiencing a period of accumulation before resuming its upward trend.
Analyst Happy Coin News Yuri Savelyev decided to draw an analogy between the trends and suggested that эфириум will continue to rise. The coin’s price has a good chance of increasing to $3,800, a mark that coincides with the 50% Fibonacci level, taking into account the asset’s price drop from $4,952 to $2,626.
ETH price likely to rise
Another bullish signal is the fact that over the past year, the number of Ethereum coins locked has increased by 38,4%, reaching 77,85 million coins worth $256 billion. This means that 46,59% of the issued ETH has been withdrawn from the circulating supply.
It’s noteworthy that cryptocurrency owners are staking despite the average annual yield falling to 2,83%. This suggests they expect to grow their capital through the coin’s price appreciation in the medium to long term.