Good morning, crypto investors! Let's start the day with that light post, but one that keeps you SHARP for the market. ☀️📈
🟡 Is Ethereum going to "melt"? Or is it just bear market noise?
After weeks holding strong above $3,000, ETH has started to show signs of weakness and institutional investors have reduced positions in derivatives.
But don't worry, not everything is a bloodbath:
📊 On-chain data shows an increase in ETH burning, which is deflationary.
🐋 Some whales continue to accumulate discreetly.
👀 Rumors about the spot ETF still pressure the price… but an approval could change the game quickly.