Ethereum Traders Give Up Again: Will This Time Be Different?

Ethereum (ETH) traders have turned bearish for the third time in a month, according to Santiment. This comes as ETH trades near $1,854 and spot exchange-traded fund (ETF) demand strengthens.

The two previous sentiment dips preceded price rebounds of 14% and 7%. The current reading is its third bearish extreme in a month.

Ethereum ETFs drew $103.9 million last week, leading all spot crypto funds. This marks the third straight positive week after inflows of $84 million and $105 million.