Ethereum Dey Near $4K as $4B Staking Unlock Dey Loom
Ethereum price dey face downward pressure, e dey trade near $4,200 after e drop 9% for di week. Recent sell-offs cause $178 million liquidation inside 24 hours, wit ETH longs take $127 million. Di increase for liquidation show say market get high volatility as traders dey ready for another check fu di $4,100 support level. Meanwhile, staking unlock queue don pass 910,461 ETH—dat be around $3.91 billion—wey fit mean say $4 billion staking unlock fit add supply for Ethereum, wey fit push price down again. Even wen retail people dey sell, institutional investors dey still dey buy. Bitmine Immersion add 52,475 ETH, SharpLink buy 143,593 ETH at $4,648, and wallets wey connect to FalconX bring over $38 million new ETH inflows. Market analysts dey warn say di upcoming macroeconomic wahala, especially around U.S. Federal Reserve Jackson Hole symposium and Fed Chair Jerome Powell talk, fit make people wan avoid risks. On-chain metrics show say active addresses drop 28% in August, meaning network growth dey slow down. Even wit di $4 billion staking unlock wey fit bring bearish risk short term, some forecasts still dey optimistic: Ethereum price fit reach $6,000–$8,000 by year end if institutional flows continue. Traders suppose dey watch di $4,000 support level to sabi where market dey go.
Bearish
Di news tok say wan big $4 billion staking unlock go open up wey go full market wit more ETH supply wen di token already dey under pressure around $4,000 mark. Plus di $178 million recent liquidations, dis situation fit make selling pressure worse short term as traders dey rush to commot position before di unlock happen. For history, big supply unlocks like Ethereum old Shanghai withdrawal surge don cause quick price correction down as market dey try absorb di new tokens. Also, di fall for on-chain activity and drop for active addresses show say demand dey low for now. Even though institutional investors dey accumulate, their buying fit no immediately balance di coming supply. So traders suppose prepare for potential to test lower support levels around $4,000 and maybe below anytime soon. But if institution dem still hold their long-term bullish mind after di unlock, we fit see price recovery later this year wey go support higher price targets.