A rapid surge in the Ethereum (ETH) validator queue is indicating a mixed sentiment among large ETH wallets as unstaking activity peaks. The list of potential validators seeking to participate in staking has seen significant growth, exceeding 400,000 ETH in just two days and hitting a multi-month high of over 644,000 Ethers. This influx contributes to an extended wait time for withdrawals, pushing the waiting period beyond 11 days. The Ethereum (ETH) unstaking queue is gradually cooling down after reaching a peak of 970,000 ETH on August 20th, now below 850,000 ETH. This signifies a shift in activity between those looking to join the staking mechanism and those withdrawing their holdings, potentially reflecting mixed expectations among large ETH wallets about future price movements. While the Ethereum (ETH) unstaking queue is slowing down, the validator queue continues its upward trend. Notably, the annualized rewards for ETH staking have dropped below 3%, compared to a historically anticipated 4%. This discrepancy suggests potential market saturation and challenges in achieving optimal returns. As previously reported by U.Today, the Ethereum (ETH) price reached a new all-time high last Friday on some cryptocurrency exchanges. However, data from CoinGecko and CoinMarketCap does not confirm that the previous all-time high from 2021 was broken for the Ether price.