Ethereum Faces $4 Billion Unstaking Challenge Amid Market Turbulence
Ethereum's price has dipped to a two-week low of $4,150, influenced by broader market corrections and macroeconomic factors. A significant concern is the impending unlock of approximately 910,461 ETH ($3.91 billion) from staking, expected within 15 days. This influx into the market is driven by profit-taking and the unwinding of leveraged positions.
While network activity metrics show a decline, experts maintain a long-term bullish outlook, anticipating Ethereum to reach $6,000-$8,000 by year-end. Investors are closely monitoring the unstaking supply and global economic indicators.