$ETH Ethereum (ETH) is currently experiencing a complex interplay of market sentiment on Binance. Retail traders are showing a bearish outlook, especially as Ethereum approached the $4,000 resistance level. The analysis shows that the buy-sell ratio on Binance has turned sharply negative, indicating a predominance of selling among retail investors.

In contrast, institutional interest in Ethereum is growing. The approval of spot Ethereum ETFs in the United States has led to record trading volumes on Binance, with significant inflows into Ethereum-focused investment products. This surge in institutional demand seems to be offsetting the selling pressure from retail traders.

In addition, the Ethereum derivatives market reflects growing optimism. Positive funding rates and increased open interest suggest that futures traders are becoming increasingly optimistic about Ethereum's prospects.

In summary, although retail sentiment on Binance has been bearish, the rise in institutional investment and positive performance in the derivatives market indicate a potential shift in Ethereum's market dynamics.

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