Ethereum is showing signs of stability around the $4,500 level, supported by a limited supply due to locked-up Grayscale assets and a substantial waiting list for ETH staking.

Ethereum Price Prediction

Ethereum's performance in the fourth quarter is dependent on whether buyers can establish and maintain $4,500 as a support level.

Supply Dynamics

Institutional staking activities are currently impacting the available supply of Ethereum.

Validation Queue

Approximately 1.3 million ETH are presently queued for validation, further reducing the circulating supply.