Ethereum exit queue down 85.6% in a month... rebound after November 9 low

Ethereum’s validator exit queue fell 85.6% over the past month to 65,954 ETH as of 9:34 a.m. KST on Nov. 11, with an estimated wait time of 2 days and 6 hours, according to ValidatorQueue. The queue dropped from 457,840 ETH on Oct. 11 to a low of 5,061 ETH on Nov. 9 before rebounding, leaving the current level below a month ago but above the recent trough. The metric reflects exit requests exceeding Ethereum’s processing capacity rather than actual selling, and the queue had earlier swelled to as much as 850,000 ETH in early October. The sharp contraction signals that withdrawal demand has largely cleared, easing a potential overhang for ETH, though the modest rebound shows some validators are still choosing to leave. Watch whether the queue resumes climbing toward October levels or stabilizes near current readings as a gauge of validator confidence and near-term ETH supply pressure.