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Ethereum Foundation's $48.9M ETH unstaking sparks short-term selling pressure amid market volatility

Market News
27 Apr 2026
AMBCrypto
View Source
Bearish
pluang ai news

The Ethereum Foundation recently unstaked $48.9 million worth of ETH, triggering a quick market reaction seen as potential selling pressure. Despite this, overall staking demand remains strong, with total staked ETH slightly up and over 3 million ETH queued for future staking. The move occurred during a volatile period for ETH, with price holding around $2,300 but facing technical and fundamental challenges, including recent DeFi exploits and uncertain bullish momentum. While the unstaking adds short-term pressure, it does not yet alter the broader trend, leaving market sentiment fragile amid ongoing debate about ETH's bull market status.

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