Ethereum stakers are lining up to withdraw their ETH, with the validator exit queue hitting a record of 855,158 ETH worth about $3.7 billion. This unprecedented queue could create significant sell pressure on Ethereum, particularly following recent price dips after approaching an all-time high. The potential for mass withdrawals raises concerns as staked ETH, such as stETH, might trade at a discount, which can trigger sell-offs and create synchronized downward pressure on ETH prices as traders unwind leveraged positions. Growing geopolitical uncertainty and inflation data could also weigh down the crypto asset. Despite these concerns, some analysts suggest that a rise in unstaked ETH doesn't necessarily predict an immediate crash but could act as a steady supply that pressures prices if it overwhelms new demand. Ethereum remains on an upward trajectory, looking to break its previous highs, but the dynamics of investor behavior and market conditions could influence its near-term performance.

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