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Institutional sentiment for Ethereum shifts to positive after struggling for weeks, ETH on-chain analysis

  • Ethereum institutional interest is currently growing after weeks of outflows during the second quarter of 2022.
  • However, ETH trader sentiment remains negative along with the rising ETH supply at exchanges resulting in price pressure.

The world’s second-largest cryptocurrency Ethereum (ETH) has come under the radar of institutional players after its recent price rally. Last week, the ETH price skyrocketed above $1,600
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