Ethereum is facing potential sell pressure as a record number of stakers line up to withdraw their ETH, causing concerns for the cryptocurrency's price. The Ethereum blockchain's validator exit queue reached 855,158 ETH, valued at approximately $3.7 billion. This trend of unstaking may occur as stakers respond to uncertain market conditions, suggesting they may move their assets to less risky options or cash out altogether. Current limitations on the amount of ETH that can be unstaked will delay this process, with estimates indicating a wait of around 15 days. The increase in unstaked Ethereum might negatively influence its price, especially if staked ETH is traded at a discount. Moreover, as traders unwind leveraged trades related to staked ETH due to rising costs or market shifts, synchronized sell pressure on ETH could further drive down its value. Despite this, analysts caution that while the growing exit queue may exert pressure, it does not necessarily predict an immediate crash, but can increase supply against demand in a stressed market.

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