The validator exit queue for Ethereum has dropped to zero, while the entry queue has accumulated to 2.6 million ETH—this number speaks volumes. The waiting period to enter has extended to 45 days, and behind this seemingly lengthy wait, several interesting phenomena are actually reflected.

First, the disappearance of the exit queue itself is a signal. It indicates that no one is rushing to withdraw their staked ETH, and selling pressure is clearly weakening. This stands in stark contrast to the previous market sentiment fluctuations.

Second, the 2.6 million ETH still waiting in line to enter suggests that this steady inflow of funds is hard to explain as "short-term speculation." Ultimately, more and more participants are beginning to view Ethereum staking as a reliable income-generating asset. Although the 45-day waiting period is somewhat long, it clearly hasn't deterred these funds seeking staking rewards.

Overall, this reversal in validator behavior hints at the market's renewed recognition of ETH's long-term value. From a technical perspective, the activity within the staking ecosystem is indeed worth paying attention to.