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ethereum faces price drop despite bullish outlook and strong support levels

Ethereum's price dipped 3.7% below $4,000, with traders eyeing $3,500 as solid support. Despite the decline, bullish sentiment persists, driven by ETF inflows and structural improvements, as Ethereum's total value locked reaches $76.5 billion, the highest since April 2022. Vitalik Buterin emphasized the importance of democratized participation for Ethereum's future success.

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