ETH fell 5.2% after disappointing US job data led to $90 million in liquidations. The decline prompts speculation on whether ETH will retest 4,000 USD amidst broader macroeconomic uncertainty.
Ethereum shows robust onchain performance, with a 32% increase in transaction counts and a TVL rising to 97.4 billion USD. This strong activity suggests that ETH may regain bullish momentum despite current concerns.
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