The Foundation is selling ETH for $100 million, and more than 700,000 tokens are waiting in line to exit staking - these figures make analysts talk about a possible price correction in the second largest cryptocurrency by capitalization in August. While July brought Ethereum a growth of 60%, the next month may be much less rosy.
Mass exodus from staking
The first alarm bell is a record 700,000 ETH in the unstaking queue. This is the highest figure in four years, according to ValidatorQueue data. A week ago, there were only 350,000 ETH worth about $1.3 billion in the queue - now the number has doubled.
The difference between the incoming and outgoing queues is particularly telling. While over 700,000 ETH are waiting to exit, only 250,000 tokens are planned to enter staking. The delay in unstaking will be about nine days, which means a significant increase in supply on the market just as ETH is approaching a strong resistance level in the $4,000 area.
"Validators are likely exiting for restaking, optimization, or operator rotation, rather than leaving Ethereum altogether. On the other hand, they may want to lock in profits. It is natural to assume that some stakers are preparing to sell, which could create short-term selling pressure and potentially lead to a price correction," commented the head of Everstake.
American investors are losing interest
The second worrying sign is the negative ETH Coinbase Premium Gap at the end of July. This index reflects the price difference between Coinbase and Binance and is often used to assess the demand of American investors compared to the rest of the world.
During July, while ETH grew from $2,400 to almost $4,000, the Premium Gap remained positive, according to CryptoQuant. But by the end of the month, it sharply went negative - which indicates a decrease in purchasing pressure from American investors.
At the current price level above $3,800, most retail and institutional investors who bought ETH in the second quarter are in profit. The question is whether they are already satisfied with the returns they have received.
"Demand in the American market is weakening. Caution is needed," noted IT Tech analyst.
Sellers dominate
The Net Taker Volume indicator for Ethereum showed a negative value of $231 million at the end of July. This means that sell orders significantly exceeded buy orders.
Net Taker Volume reflects the sentiment of traders, tracking those who actively trade. It shows which side - buying or selling - dominates the market. Negative readings indicate net sales on exchanges, which usually signals bearish sentiment or capital outflow.
"Consistent aggression from sellers. Sales volume exceeded purchase volume by $231 million on a daily basis," noted analyst Maartunn.
Historically, deeply negative Net Taker Volume has coincided with major ETH price peaks. Although the current figure is not as extreme as the $500 million drop earlier this year, it remains a worrying signal worthy of attention.
Ethereum Foundation is getting rid of tokens
The final warning sign is the Ethereum Foundation's sale of 25,833 ETH worth almost $100 million in recent months. This is significant because the Ethereum Foundation is one of the most influential organizations in the ecosystem, owning a substantial amount of ETH since its early days.
These sales may be aimed at funding development initiatives and managing the fund. However, they create psychological selling pressure on the market - especially in combination with other bearish signals.
"Is this what faith looks like? Over the past few months, the Ethereum Foundation has sold 25,833 ETH - almost $100 million. Watch actions, not words," commented Maartunn.
Despite these cautionary signals, Ethereum continues to trade above $3,800. Accumulation from institutions and Ethereum reserve managers supports high demand for ETH - positioning it as the most sought-after asset after Bitcoin. However, the totality of factors indicates the probability of a price correction of the cryptocurrency in August.
