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Institutional support (📈): BlackRock has acquired 46.9 million USD in ETH and new DeFi projects are developing on Ethereum, strengthening usage. BTC also benefits from institutional flows, creating a bullish environment for major assets.
Short-term tension (📉): the liquidation of 205K traders in ETH for over 719 M USD shows market fragility; SOL and PEPE are benefiting from this environment by capturing speculative attention.
Favorable macro (📈): anticipation of a rate cut by the Fed, which supports ETH, BTC, and ADA/SUI as alternative yield assets.

ETH is at a crossroads: above 3700 USDT, the bullish potential remains intact; below, watch out for the elevator towards 3660 USDT. In short, the market is testing us; it's up to you to respond with composure... or with a well-placed "buy the dip." $ETH
ETH-5.93%
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