Key Takeaways

How are institutional and smart investors reacting to Ethereum’s recent price movement? 

Institutional investors are pulling back, while smart traders are increasing long positions, signaling bullish expectations.

What technical level must Ethereum break to confirm a bullish trend?

 ETH must break above its diagonal resistance and trigger a MACD crossover to confirm bullish momentum.

Ethereum [ETH]  last traded above $4,000 on October 14. Over the past 24 hours, it has gained 2.2% and is now trading at $3,940.

Despite this upward move, investor sentiment remains divided. With ETH nearing the $4,000 mark, uncertainty looms over its next direction.

AMBCrypto has examined what this split in sentiment could mean for Ethereum’s future.

Institutional investors step back

Institutional investors have begun tilting back toward the bearish bias that defined the start of the week.

The U.S. spot ETH Exchange Traded Funds (ETFs) recorded a massive $145 million outflow on Monday, signaling renewed bearish sentiment.

However, the tone briefly shifted on Tuesday with a $141 million buyback, leaving the market in a neutral state.

That balance didn’t last long. By Wednesday and Thursday, sentiment turned sharply negative again. On Wednesday, investors sold $18.77 million worth of ETH, but the major shift came on the 23rd of October, when outflows surged 6.7x to $127.51 million.

Such a large reduction in exposure typically reflects a clear bearish outlook.

While institutional investors continue pulling capital from the market, smart money appears to be challenging that move with opposing

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Author: Olayiwola Dolapo