Ethereum is currently hovering around 3,780 USD, reflecting notable investment movement. On-chain data supports strong accumulation but warns that leveraged positions might cause a dip prior to a potential breakout.
A recent mint of 2 billion USDT and the withdrawal of 244,000 ETH from Coinbase indicate bullish sentiment. The funding rates have cooled, suggesting speculators may step back, paving the way for a healthier market rally.
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