Over 350,000 ETH, valued at approximately $1.3 billion, is currently queued for unstaking, raising concerns about potential selling pressure on the market. According to BeinCrypto, this significant volume mirrors a trend observed in January 2024. Cryptocurrency analyst Woody Werthheimer noted that the previous surge in unstaking followed a 25% increase in the ETH/BTC ratio, after which ETH experienced a downturn. The current situation raises questions about whether a similar correction might be on the horizon. While the unstaking queue suggests a potential sell-off, it's important to note that not all unstaked ETH will necessarily be sold. Some holders may be moving their ETH to different staking platforms or simply taking it off exchanges for long-term storage. However, the sheer volume of ETH awaiting unstaking warrants close monitoring for its potential impact on Ethereum's price. ```