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Recently, an intriguing phenomenon has emerged in the Ethereum PoS network: the number of ETH exiting the staking queue has been continuously rising, currently reaching 694,000 coins, and even peaking at 744,000 coins at one point. This figure represents approximately $2.6 billion worth of ETH being unstaked, bringing significant potential selling pressure to the market.
This situation undoubtedly poses a challenge to the price trend of Ethereum. A large amount of ETH being unstaked may flow into the trading market, increasing supply and thus putting pressure on the price. In this case, ETH may face significant difficulties in achieving a substantial price increase.
Although there is discussion in the market about ETH returning to $3,800, given the current exit staking situation, achieving this goal may take longer and require more favorable market conditions. Investors and market participants need to closely monitor this dynamic and assess its potential impact on ETH price trends.
Overall, the Ethereum network is undergoing a critical period. The increase in the number of exits from the staking queue reflects a strategic adjustment by some holders, possibly stemming from differing assessments of market prospects. This phenomenon also highlights the high volatility and complexity of the cryptocurrency market, reminding investors to consider a wide range of factors when making decisions.