Ethereum’s price slide fuels a sharp sentiment reversal as overlapping FUD narratives, ETF outflows, and competition pressure traders to capitulate despite still‑strong underlying development activity

Ethereum’s price slide fuels a sharp sentiment reversal as overlapping FUD narratives, ETF outflows, and competition pressure traders to capitulate despite still‑strong underlying development activity
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$32B+ in ETH OI with positive funding while ETFs keep leaking is a nasty setup: perps are trying to buy the dip while spot flow keeps hitting the bid. Glamsterdam/ePBS and the 200M gas-limit path are good builder ammo, but they don’t answer the near-term value-capture problem from cheap blobs, private sequencers, and SOL/HYPE stealing the marginal trade.

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