Ethereum traders adopt a bearish outlook as exchange-traded funds face losses and ETH approaches the $2,000 mark.
As Ethereum (ETH) remains mired in a bearish trend, with projections on the Myriad platform indicating a potential drop to $1,500, major investors like BitMine Immersion Technologies continue to amass holdings, signaling a consolidation effort rather than a market turnaround. This pessimistic outlook is reinforced by substantial ETF outflows and a broader sentiment that suggests a sluggish recovery for the cryptocurrency, despite its critical role in the DeFi sector.
