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Ethereum Holds Above $2,700 as ETF Inflows Hit $699M in June

  • Ethereum remains above $2,700 despite a pullback, supported by $699 million in ETF inflows in June.
  • Bitcoin's drop below $108,000 signals a bearish turn in the broader market sentiment.
  • Institutions like BlackRock and Fidelity continue to support Ethereum with significant ETF inflows.
  • ETF inflows in June reach $699 million, surpassing May's $564 million.
  • Ethereum experiences a minor pullback but holds critical levels, with a potential retest of $2,700.
  • Bullish sentiment remains following a recent breakout and a positive MACD crossover.
  • A bounce from the 50% retracement could target the $3,003 price level, with support at $2,395.
  • Open interest in Ethereum derivatives has declined, indicating reduced trader interest and bullish sentiment.
  • Long liquidations outweigh short liquidations, driving bearish pressure in the market.
  • The long-to-short ratio has fallen, pointing towards an increase in short positions in the last 24 hours.

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