Ethereum is again the focus of attention as it nears the key $3,000 mark. Still, backed by a fresh wave of on-chain data, and this is a title backed by some bullish on-chain data, fresh wave of institutional inflows, and a slight uptick in exchange outflows these past couple days. This was slightly negated by ETH options open interest hitting record levels yesterday. Still, there is somehow a vibe, a narrative weaving through the core ether community since last week’s low. Currently, the second-largest cryptocurrency by market cap is negotiating a confluence of signals that are technical, behavioral, and institutional,
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