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Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand

  • Ethereum (ETH) is facing a bearish sentiment among retail investors on Binance as it tests the $4,000 resistance level.
  • Binance's taker buy-sell ratio for Ethereum turned sharply negative at $4,000, indicating a selling stance.
  • However, the surge in demand for Ethereum Exchange-Traded Funds (ETFs) suggests growing institutional interest supporting Ethereum's price.
  • Despite a significant correction, analysts remain optimistic, seeing the current price dip as healthy for Ethereum's market.

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