Ethereum Faces Aggressive Shorting As Taker Sellers Outpace Buyers By $350M Daily – Analyst

Quick Summary:

Related Reading: Dogecoin Explodes Overnight – Price Action Suggests Fresh Highs Above $0.50 Top analyst Maartunn recently shared insightful data highlighting an ongoing trend of aggressive shorting in Ethereum markets.

With the new year’s optimism, many believe this shorting trend may begin to shift, creating conditions for Ethereum to reclaim its position as a market leader.

This aggressive shorting could explain Ethereum’s poor performance in 2024, as constant selling pressure likely suppressed upward momentum.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Ethereum ATH Ethereum Ethereum ETH Ethereum Taker Buy/Sell Ratio Ethereum price ETHUSDT Ethereum Price analysis Ethereum news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-05 @ 12:30:20 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 565 words

Reading Time: 4 minutes read

Sentences: 67 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 24904417

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Main Topics: Crypto

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