A growing queue to unstake ETH has raised concerns about potential sell pressure on the cryptocurrency. The validator exit queue for Ethereum recently reached 855,158 ETH, valued at approximately $3.7 billion. Expert analysis suggests that this could negatively impact ETH's price, particularly if staked ETH trades at a discount to ETH, which can lead to reduced collateral value and trigger selling. Current market conditions, including geopolitical uncertainty and economic data, have also contributed to recent price declines after ETH nearly hit an all-time high. While the unstaking process typically does not cause immediate crashes, increased supply could apply downward pressure on prices if it exceeds demand for ETH. This trend may prompt traders to unwind leveraged positions, further increasing sell pressure.

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