ETHEREM’s short positions rose to more than 40 % over the past week, which is the largest short position on Altcoin in history. This happens because the ETH price has seen strong pressure for sale in recent weeks with no signs of remorse. Analysts weigh whether ETH can see more fall or if the short pressure is under preparation.
Short Ethereum positions draw a frightening picture
Over the past week, ETHEREM’s short centers increased by 40 % and 500 % amazing since November 2024. Historically, this is the biggest downtown bet on the world’s largest Altcoin in the world through the hedge funds in Wall Street with a large conversion of trading morale.
Earlier this month on February 2, an extremist location on ETHEREUM witnessed an ETH price of 37 % within three days on fears of the Trump trade war. Moreover, Altcoin has seen strong trading sizes in general. Large mutations were observed on January 21, coinciding with the opening day, and again during the failure of the third market in February. Despite the strong activity, the ETH price has not yet recovered from the low gap, even after a week of recession.
ETH prices fluctuate forward? Placement
These intense sites on Ethereum show that it may suffer from strong fluctuations in ETH prices. The ETH price has been largely less in the broader exposure market recently, while other Altcoins has managed to reach its highest fresh levels.
The Ali Martinez encryption analyst set $ 2600 as a decisive support level for (ETH). In a recent publication, Martinez suggested that if this level continues, ETHEREUM might collect enough momentum for the great apostasy, which may pay the price about $ 3,000 or even $ 4,000. Traders and investors closely monitor ETH performance on this main threshold.
As of the time of the press, ETHEREUM PRICE is traded by 1 % at $ 2,636 with the maximum market at $ 317 billion and the daily trading volume increases by 20 % to $ 19.5 billion. According to Coinglass dataThe references increased 24 hours a day to $ 44.65 million, including $ 30 million in long qualifiers. Also, the massive movement of the 50,000 ETHEUM Foundation has made investors cautious, as the fund was selling altcoin over the past few months.
TEDOWS encryption analyst drew similar aspects between the recent measures conducted by ETHEREUM and market conditions in March 2020. He indicated that ETH witnessed a similar surrender, which led to the long -term outbreak of Altcoin.
“At that time, many believed that Ethereum had ended, but he organized a great return,” he pointed out. The pillows are still optimistic, the ETHEREUM projection can reach $ 10,000 in this course, describing it as a “programmed” teacher. Moreover, a 90 % decrease in ETH gas fee can contribute to the upcoming assembly.
Institutional demand is still high
Despite the strong short exposure, Ethereum witnessed significant flows in December 2024, indicating a strong investor interest. For three weeks, ETH attracted more than two billion dollars of new money, including a record weekly flow of $ 854 million.
Moreover, last week, the Investment Funds in Spot Ethereum witnessed larger flows of investment funds circulating in the United States. Between February 3 and February 7 (Easter), the Bitcoin Spot investment funds recorded a net $ 204 million, while Spot Ethereum ETFS outperformed Bitcoin with a noticeable net flow of $ 420 million during the same period.
Bushan Akolkar
Bhushan is enthusiastic about technology with a severe understanding of the financial markets. His interest in economics and financing has focused on emerging technology and encrypted technology markets. He is committed to continuous learning and remains eager to share the knowledge he acquires. In his spare time, Booshan enjoys reading excitement novels and sometimes exploring his cooking skills.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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