Ethereum holders are increasingly lining up to unstake their tokens, creating significant sell pressure on the cryptocurrency. The Ethereum blockchain's validator exit queue hit a record 855,158 ETH worth approximately $3.7 billion, raising concerns about its impact on the asset's recent price surge. The process of staking digital assets allows holders to lock up their tokens to secure the network and earn rewards, but stakers may choose to withdraw their ETH amid market uncertainties. Presently, it will take about 15 days to clear the queue due to Ethereum’s unstaking limits. As staked ETH may trade at a discount, issues could arise if this undermines their collateral value, leading to liquidations and further selling of ETH. Despite the rise in unstaked ETH, experts caution that this doesn't necessarily mean a drastic price drop will occur, but it could pressure prices down if new demand fails to match the supply. Ethereum's recent price rise has been attributed to factors such as regulatory changes and deflationary trends.

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