Ethereum selloff tests ETH value thesis as Foundation exits mount

Santiment data shows Ethereum sentiment weakened as ETH entered a medium-term bear phase. CryptoQuant data shows ETH lagged Bitcoin, with the ETH/BTC ratio near a 10-month low. SoSoValue data shows Ethereum ETF outflows totaled approximately $470 million across two consecutive weeks in May.
ETH-2.1%
BTC-0.13%
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