The demand for Ethereum staking has turned bullish, as the number of new participants entering the staking queue has now exceeded the number of exits. This shift in dynamics indicates a growing optimism among investors regarding the cryptocurrency. As a result, the price target of $5,000 for Ethereum is once again becoming a focal point, driven by this influx of stakers and the overall positive sentiment surrounding the asset's potential for appreciation. Here’s a closer look at the factors contributing to this renewed interest and the implications for Ethereum's market trajectory.
source: https://blocknews.com/ethereum-staking-demand-flips-bullish-as-entry-queue-surpasses-exits-here-is-why-5k-is-back-in-focus/