After experiencing a notable upward trend, surpassing major digital assets in the crypto market, Ethereum appears to have hit a roadblock, leading to a sudden pullback. ETH’s price may be facing bearish pressure and pulling back to key support levels, but many investors are still bullish on the leading altcoin and its short-term trajectory.

Dip Buying By Investors Dominates As Ethereum Cools Off

Ethereum has witnessed yet another bearish day, as its price continues to trade below the key $4,500 price level. In the midst of this waning price action, Glassnode, a leading financial and on-chain data analytics platform, has spotted a lingering positive sentiment among key ETH investors.

The popular on-chain platform identified the behavior from investors after examining th

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