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ethereum price falls 25%, but on-chain data and institutional staking signal potential for recovery in q4… 📉 Analysts say whales made
eth down 25% but data + staking bullish: whales movin’ n shakin’, sentiment scared, institutions stakin’ big bucks,
The price of Ethereum dropped nearly 25% this quarter, hitting a low of $3,099 before stabilizing around $3,300 amid market weakness and trade tensions between the US and China. 📉 Analysts attribute this to large-scale repositioning by whales, with a notable withdrawal of 4,920 ETH from Tornado Cash. Despite the sell-off, sentiment remains in “Extreme Fear,” with bullish sentiment outweighing bearish views nearly three to one. 🐳
Institutional data showcases resilience, with SharpLink generating $100 million in annualized returns from Ethereum staking, portraying Ethereum as a yield-bearing treasury asset. The success of such strategies has led to a shift in narrative around “productive ETH” versus a speculative asset, potentially positioning Ethereum favorably against Bitcoin’s static model. 💼 Analysts foresee similar moves from other institutional players, with ETF inflows and positive market conditions signaling a potential rebound in Ethereum’s price towards $3,900 – $5,000 by year-end. 📈
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