Ethereum Price Drops Below $4,400 as Validator Exits Surge

Ethereum’s (ETH) price has taken a dip below the $4,400 mark, dropping by 2.5% to 3.9%. This decline is attributed to an influx of validator exits, with over 1 million ETH currently queued for withdrawal, potentially leading to near-term network security concerns. The situation remains largely uncommented on, with key Ethereum figures and industry leaders yet to offer public statements about the development. 19 days of average validator exit time are noteworthy, suggesting potential liquidity challenges in the ecosystem.