Since reaching a new all-time high, Ethereum has retested the $4,200 price level in a bearish style. Over the past few days, ETH has been on a downward trend in terms of price action, but the altcoin has demonstrated significant bullish performance in terms of its Spot Exchange-Traded Funds (ETFs) .

Investors Pour Into Ethereum ETFs

Ethereum’s ongoing waning price action does not seem to have affected investors’ sentiment, especially on the institutional level. The leading altcoin has displayed a notable bullish performance in its Spot Ethereum ETFs.

Glassnode, a leading financial and on-chain data analytics platform, reported the resurgence in investor sentiment in a recent post on the social media platform X. The report from the on-chain platform shows that spot ETH ETFs h

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