Ethereum’s unstaking queue experienced a significant surge in August 2025, reaching nearly $3.8 billion, driven by major liquid staking protocols. This development has sparked speculation about the potential impact on ETH prices and market structure. The substantial queues from platforms like Lido, EthFi, and Coinbase suggest a shift in Ethereum’s market dynamics. Analysts point to these withdrawals as key factors contributing to recent price volatility, with over $1.2 billion in long positions at risk of liquidation near $4,200. 2025 saw institutional investment increase by $3 billion into ETH spot ETFs, which are helping to stabilize the market. This influx of capital suggests a shift away from selling pressure and towards continued support for Ethereum.