It's a definite fake. Any genuine emails from Paypal or eBay will have your name in the title, anything that says "Dear PayPal member" or "Dear eBay member" is a red flag so definitely don't click on any links. If you're ever unsure about a PayPal email you can forward it to s****@paypal.com.au and they will reply back to you pretty quickly letting you know if it is fake or not.
HTH
ETA the email address I gave you has been sensored. It should be s p o o f @ paypal.com.au (without the spaces of course)





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