TechFlow reported, Cryptoquant analyst ShayanBTC said the price of Ethereum may continue to decline in the short term unless conditions change.
Currently, Ethereum's price struggles to break above $4,000. The buy-to-sell ratio in the futures market (7-day moving average) shows sellers are dominant. This ratio has recently failed to rise above 1 and has sharply declined, indicating that the majority of futures traders are actively selling Ethereum, whether for speculative purposes or profit-taking. He noted this trend is a bearish signal, and if it persists, the current downward correction could continue.
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