Ethereum price under pressure with short centers reaching record levels

ETHEREUM has a standard level of exposed sales of hedge boxes, with futures contract contracts on CME reaching a new peak of 11341, and new zerohedget chart offers.

Hepbody bets have increased more than 40 % a week and 500 % since last November, It was also analyzed By Copy’s message. The aggressive palaces raises red flags about Ethereum horizons in the short term.

Kobeissi’s speech analysis indicates that the history of Ethereum shows a clear relationship between large short situations and subsequent prices. On February 2, ETH witnessed a significant decrease, decreasing by up to 37 % in 60 hours after President Trump’s definition announced.

The analyst said: “It seemed as if the flash that was seen in the stocks in 2010, but with no headlines,” adding that the sale contributed to more than $ 1 trillion who were erased from the broader encryption market within hours.

The increase comes in short situations despite the clear support from the Trump administration, with Eric Trump recently male “It is a great time to add ETH,” which temporarily strengthened prices.

As of the latest Coingecko DataETH is about $ 2,500, a decrease of 2 % in the past 24 hours. The digital asset is currently trading about 45 % less than the height of its record in November 2021.

Bitcoin ethereum has been left in dust since the beginning of 2024, with more than 100 % increased while ETHE only increased by 3.5 %. This contrast exaggerated the maximum Bitcoin market to six times the size of Ethereum’s – a dominance that has not been seen since 2020, according to Kobeissi.

ETHEREUM performance raises performance among the recovered encryption market concerns about factors that drive negative spirits. Possible explanations include concerns about ETHEREUM basic technology, organizational uncertainty, and opposite pioneers.

The short position makes an amplification record of the possibility of fluctuating prices. The continuous decline will verify the validity of the Habbiyah view, but the huge size of the short position also increases the possibility of a short pressure if positive developments are achieved.