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Analysis: Most futures traders are actively selling ETH, ETH may continue to fall in the short term

Analysis: Most futures traders are actively selling ETH, ETH may continue to fall in the short term

CointimeCointime2024/06/11 07:19
By:Cointime

According to Cryptoquant analyst ShayanBTC, the Ethereum price may continue to fall in the short term unless there is a change in the situation.Currently, the Ethereum price is struggling to break through $4,000, and the buy-to-sell ratio (7-day moving average) in the futures market shows that the sellers have the advantage. This ratio has recently failed to rise above 1 and has sharply declined, indicating that most futures traders are actively selling Ethereum, whether for speculative purposes or to realize profits. This trend is a bearish signal, and if it continues, the current downward retracement may persist.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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