Ethereum has fallen below $2,500 as short-term indicators show signs of weakness. Derivatives trading volume has decreased by 34%, reflecting cautious market sentiment, although open interest has slightly increased, and long positions remain substantial. Top traders currently hold 2.7 times long positions on $ETH, showing strong bullish confidence. However, if market sentiment suddenly shifts, this could also increase downside risks.
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#ETH Ethereum falls below $2,500, despite strong long-term momentum.
Ethereum has fallen below $2,500 as short-term indicators show signs of weakness. Derivatives trading volume has decreased by 34%, reflecting cautious market sentiment, although open interest has slightly increased, and long positions remain substantial.
Top traders currently hold 2.7 times long positions on $ETH, showing strong bullish confidence. However, if market sentiment suddenly shifts, this could also increase downside risks.