Ethereum stakers are increasingly looking to withdraw their funds as the validator exit queue reached a record 855,158 ETH, valued at approximately $3.7 billion. This surge in unstaking could potentially exert significant sell pressure on Ethereum's price, which has seen recent fluctuations after nearing an all-time high. The Ethereum network restricts the amount of ETH that can be unstaked at a time to maintain stability, with the current queue expected to clear in about 15 days. Analysts have raised concerns that this growing exit queue may be partially responsible for price retracements, emphasizing the risk of discounted staked ETH trading, . Such discounts can reduce the value of tokens used as collateral, leading to potential forced selling. While this does not necessarily predict a dramatic price drop, it could create continuous supply pressure if it exceeds new demand. Despite these challenges, there are various market factors contributing to Ethereum's recent price rise.

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