According to Santiment monitoring, small retail traders are actively selling their holdings of Ethereum (ETH). Wallets holding 0.01 ETH or less have reduced their holdings by a total of 1,791 ETH (approximately $4.16 million) over the past two days. The market generally views the 17% increase since March 29 as a “bull trap,” and this sentiment, in turn, increases the likelihood that the bullish momentum can continue.

ETH-2.81%
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