A growing queue to unstake Ethereum could significantly impact its price, as analysts warn that record levels of unstaked ETH may lead to sell pressure. The Ethereum blockchain's validator exit queue has reached an unprecedented 855,158 ETH, worth approximately $3.7 billion. This situation comes amid Ethereum's recent price surge, with the asset coming close to an all-time high. Investor anxiety may drive stakers to withdraw in light of market instability, transferring their assets to safer alternatives. The Ethereum network limits the number of ETH that can be unstaked at any given time, and the current queue may take around 15 days to clear. Analysts indicate that the flow of unstaked ETH could further depress prices if staked ETH begins trading at a discount, affecting its value as collateral and triggering liquidations. Despite these concerns, some analysts believe that a rise in unstaked ETH does not automatically signal a price crash but could apply pressure if it exceeds demand. Unstaking activity has surged alongside deteriorating market sentiment influenced by geopolitical events and economic indicators.

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