🔷Investor sentiment toward Ethereum remains negative, as noted by Santiment. However, historically, such pessimism has often preceded market reversals. Douro Labs CEO Mike Cahill points out that markets tend to bottom out during extreme negativity.
🔷Despite weak price action, institutional interest remains strong. World Liberty Financial invested $10M in ETH over the past week, which could provide support.
🔷Technical indicators show uncertainty. ETH is fluctuating between $2,173 and $2,262. A breakout above $2,262 could pave the way to $2,297, while a drop below $2,173 may increase selling pressure.