Ethereum’s Unstaking Queue Hits New High Amidst Market Volatility and Powell Speech Focus

The cryptocurrency market has rebounded after a weekend dip, reaching a total market cap of $4.01 trillion. However, Ethereum (ETH) remains stuck at its record high price levels. Currently, 860,000 ETH are queued for unstaking, potentially influencing ETH’s price correction. This week, the spotlight is on Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium, which could have significant market-moving implications.