The Ethereum (ETH) derivative markets are experiencing significant accumulation, with inflows surpassing the previous levels of around 65,000 ETH. This influx often precedes major price fluctuations, suggesting potential shifts in market dynamics.
Despite the bearish sentiment, some analysts indicate this could be a market bottom, while others predict further declines. ETH’s current trading price around $1,590.22 reflects uncertainties influenced by external risks.
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