Catenaa, Thursday, August 21, 2025- Ethereum fell to a near two-week low of $4,150 as the cryptocurrency faces a $3.91 billion staking supply exit scheduled for September, according to CoinGecko data.
The move follows Bitcoin’s correction to $112,000 and comes amid macroeconomic uncertainty ahead of the Federal Reserve’s Jackson Hole meeting, where Chairman Jerome Powell is expected to signal potential guidance for September’s interest rate decision.
The Ethereum Proof-of-Stake network shows 910,461 ETH queued for unstaking, with a 15-day waiting period before these tokens hit the market.
Analysts say profit-taking and rising borrowing rates on platforms like Aave are driving many stakers to withdraw, while demand for new staking remains far lower at roughly $1.09 billion.
Ethereum developer Preston Van Loon said the exit queue prevents a mass validator exodus that could compromise network security.
Network activity is also weakening, with active addresses dropping 28% to 600,000 and new address growth declining similarly, signaling reduced adoption and investor caution.
ETFs tracking Ethereum have experienced consecutive outflows, reflecting the market’s broader de-risking sentiment.
Despite short-term pressure, some analysts remain optimistic.
Xu Han of HashKey Capital highlighted institutional inflows and digital asset treasuries as a buffer against supply shocks, while long-term projections suggest Ethereum could reach $6,000 to $8,000 by year-end if macro conditions stabilize. Investors are expected to watch both Fed policy signals and broader crypto market dynamics closely in the coming weeks.
