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Why is Ethereum price up today as ETH targets $2,300 recovery?

Why is Ethereum price up today as ETH targets $2,300 recovery?
AI summary

Ethereum is recovering toward $2,300 even as spot ETH ETFs saw $431.4 million in weekly outflows. Record staking levels and weak funding rates are drawing attention, suggesting reduced leveraged positioning and tighter available supply. Traders will watch whether the $2,300 level holds given the persistent ETF outflows.

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