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Ethereum nears $2,000 as whale dumps ETH at $3.1M loss amid ETF outflows

Ethereum nears $2,000 as whale dumps ETH at $3.1M loss amid ETF outflows
AI summary

Ethereum's price is approaching $2,000 after a large holder reportedly sold ETH at a $3.1 million loss. ETF outflows are continuing even as staking activity picks up. A whale capitulating at a loss plus persistent fund redemptions signals weak demand, which traders may read as a warning that ETH could test lower support.

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