Ether’s funding rate dipping negative highlights a surge in demand for bearish positions. Investors pulled 225 million USD from spot ETFs, impacting ETH’s price negatively. Despite recent network upgrades, ETH struggles to attract bullish sentiment.
Ethereum’s ongoing bearish sentiment remains evident as ETH hovers below 2,100 USD. On-chain activity has reduced significantly, with most investors dissatisfied. Optimistic upgrade plans have yet to translate into higher demand for Ether.
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