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Ethereum Market Sentiment Plunges To Low Levels Amid Continued Weak Price Performance

  • Ethereum's market sentiment has declined as its weak price performance continues.
  • Bearish sentiment is increasing as Ethereum struggles to hold above key support levels.
  • On-chain metrics show signs of approaching positive territory, potentially indicating undervaluation.
  • Despite short-term volatility, a potential bullish spring phase could lead to a recovery and a rally to $4,000.

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