The ETH funding rate has turned negative, a sign that sellers dominate the market. However, US economic conditions have caused traders to be hesitant, reflected in a decline of approximately 28% in Ether’s value, dropping to 2,110 USD.
Investors are concerned about inflated valuations and market sentiment is cautious, leading to a cooling of institutional demand as evidenced by 447 million USD in outflows from ETH ETFs over five days.
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