Retail investors faced heavy selling in ETH, leading to long liquidations, but they bought the dip at $3,600. Despite strategic reserves and inflows to spot ETH ETFs, ETH price struggled near $4,000. Trump’s new tariffs caused a sell-off to $3,600. Liquidation heatmap data shows intense selling near $3,900.

Over $115 million in ETH longs were liquidated in 5 hours, causing Ether’s funding rate to turn negative for the first time since June. Retail traders bore the brunt of long liquidations, as indicated by volume delta and longs versus shorts indicators. Retail bulls stepped in to buy the dip, with ETH price aiming to reclaim $3,775. Bitcoin struggles to stay above $116,000.

Read more at CoinTelegraph: ETH Price Recovery Outpaces Bitcoin, Funding Turns Negative