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In mid-September, the ETH price surged to this year's high near $4,700, with up to 2.66 million ETH choosing to exit staking. After three and a half months of digestion, the ETH waiting to exit staking has now been mostly processed, with only 80,000 remaining.
The digestion of approximately 2.6 million ETH exiting staking has caused the ETH price to drop by 34%: from $4,700 in mid-September to the current $3,100.