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  • Investor sentiment for Ethereum is currently low, as on-chain data and bearish derivatives positioning suggest diminishing chances of a rally to $4,000. Meanwhile, Ethereum traders are positioning themselves with a target of $3,400, as futures trades increase and key technical levels are assessed.
  • Bitcoin has rebounded to the $90K range, but analysts warn that sustaining this rally requires increased trading volumes in both spot and futures markets. Additionally, large Bitcoin holders have resumed buying, indicating renewed confidence after months of distribution.
  • Global regulatory movements continue to shape the cryptocurrency landscape, with Australia moving towards legislation that will regulate crypto platforms under financial laws, and the UAE authorizing Ripple’s stablecoin for institutional use, signifying a trend toward more formalized frameworks.
  • The rise of privacy tokens is noteworthy, as they are relatively surging against a backdrop of regulatory pressures and delistings, highlighting a shift in market interest amid an overall weaker market.
  • Finally, significant developments are occurring in the altcoin space, including growing interest in new exchange-traded products (ETPs) such as those related to Solana and Dogecoin, even as broader market sentiment remains cautious amid recent volatility.

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