Cryptoquant Analyst: Futures traders are selling Ethereum, Ethereum may continue to fall in the short term
Cryptoquant analyst ShayanBTC suggests that the price of ethereum may continue to fall in the short term unless circumstances change. The current price of Ethereum struggles to break through $4000, and the buy-sell ratio (7-day moving average) in the futures market shows sellers are dominant. This ratio recently failed to rise above 1 and dropped sharply, indicating that most futures traders are actively selling Ethereum for speculative purposes or profit realization. He stated that this trend is a bearish signal, and if it continues, the current downward correction could persist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: A certain whale switched from short to long, with a liquidation price of $59,112