Since August 15, the queue for Ethereum unstaking has consistently remained high at over 850,000 ETH, while the queue for Ethereum staking has seen a significant decrease, dropping from 345,000 ETH to 213,000 ETH.
This indicates that the potential selling pressure for Ethereum remains strong, while long-term buying pressure continues to weaken.
In this situation, it is not advisable to be overly optimistic about Ethereum's market performance. $ETH