Ethereum (ETH) Flashing Sell-off Signal, $2,850 Next Target?

Quick Summary:

Over the past three days, sentiment across the cryptocurrency landscape has shifted noticeably toward the bearish side, leading to a substantial price drop.

Currently, the ETH long/short ratio stands at 0.884, indicating strong bearish sentiment among traders.

Additionally, data reveals that, as of press time, 53.07% of top traders hold short positions, while 46.93% hold long positions.

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Article Details

Author / Journalist: Chandan Gupta

Category: Crypto

Markets: United States

Topics: Ethereum Price Analysis News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 20:09:55 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 25014099

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 19 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #112

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