Ethereum Nears $4K as $4B Supply Overhang Looms: Analysts Fear Deeper Losses
August 20, 2025 · 10:00 PM
Ethereum (ETH) is facing challenges in maintaining its price above $4,200 following a significant sell-off that resulted in over $178 million in liquidations, particularly affecting long traders. The cryptocurrency has dropped nearly 9% in the past week, with concerns about a potential retest of the $4,100 level. A surge in the staking withdrawal queue, now at 910,461 ETH, could further pressure prices.
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