ether.fi removes restaking from weETH, ending EigenLayer ties
ether.fi (ETHFI)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that ether.fi is dissolving the final technical connections to EigenLayer by year-end, effectively removing restaking from its weETH token. This shift means weETH now functions as a standard liquid staking token, earning Ethereum network rewards without the associated restaking premium. Holders are no longer exposed to slashing risks from external services, simplifying the asset's risk profile.
The move follows a detailed explanation by chief executive Mike Silagadze, published in a CoinDesk report on September 28, 2026. Documentation confirms the timeline for this strategic retreat from a product that was once considered the flagship innovation of the Ethereum ecosystem. weETH, previously the largest liquid restaking token, is now shedding its complex derivative features. Ethereum traded at approximately $2,716 on the morning of September 29, 2026.
The change alters the composition of yield for certificate holders, though the impact on the token's price is expected to be minimal. This decision marks a significant contraction for a strategy that defined the sector's growth over the previous two years.
How the market reacted
Whalio's own Binance spot order flow for ETHFI, measured when this story was written up on 29 September 2026. Not the outlet's figures.
ETHFI is currently trading at $0.7098 with a 1-hour buy ratio of 59.5% and a 4-hour buy ratio of 56.5%, both indicating strong short-term buying pressure. These short-term ratios are significantly higher than the 24-hour buy ratio of 49.5%, suggesting that recent buying activity is outpacing the daily average. The volume delta reflects this momentum, showing positive inflows of +$186,531 over the last hour and +$350,531 over the last four hours. In contrast, the 24-hour volume delta is negative at -$68,334, indicating that earlier selling pressure has outweighed recent buying over the full day. Cumulative volume delta (CVD) for the 24-hour period closed at +$1,050,271, showing that net buying has occurred for 17 of the last 24 hours. This pattern suggests a shift toward accumulation in the immediate term despite a mixed daily volume picture.
The latest daily buy ratio of 52.2% sits at the 84th percentile of the last 323 days, against a median of 49.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETHFI, averaged over the days leading up to the story.
Over the preceding week, ETHFI experienced a 7-day average buy ratio of 49.5%, which matches the current 24-hour average exactly. The latest day shows no deviation from this weekly average, indicating that current trading behavior is consistent with recent norms. Trading volume over the last day was 1.15 times the weekly average, reflecting slightly higher activity than usual. However, the coin saw net buying on only 2 of the 7 days, and the 8-day volume delta was negative at -$603,734. The price declined by 0.9% over the 8-day period, showing that despite today's balanced buy ratio, the broader trend has been slightly bearish.