Ethereum is experiencing significant selling pressure as the amount of ETH pending unstaking has surged by 72,000% over the past two weeks. This development coincides with heightened geopolitical tensions, particularly the conflict between Israel and Iran, which has increased volatility in the cryptocurrency market. Additionally, macroeconomic factors such as a 5% Treasury yield and a risk-off sentiment are contributing to the challenging price environment for Ethereum. The Ethereum Foundation's recent unstaking of $48.9 million in ETH, although small relative to the total staked supply, has raised concerns about potential selling pressure. Market predictions indicate a 0% probability of Ethereum reaching $5,000 in May, reflecting the impact of significant unstaking and ongoing geopolitical and macroeconomic challenges on Ethereum's price outlook.