Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Cryptoquant analyst: Futures traders are selling Ethereum, and Ethereum may continue to fall in the short term
2024-06-11 06:52:16
Odaily News Cryptoquant analyst ShayanBTC said that Ethereum prices may continue to fall in the short term unless market conditions improve. The current Ethereum price is difficult to break through $4,000, and the buy-sell ratio (7-day moving average) in the futures market shows that sellers are dominant. The ratio has recently failed to rise above 1 and has fallen sharply, indicating that most futures traders are selling Ethereum either for speculative purposes or to realize profits. He said that this trend is a bearish signal, and if this trend continues, the current downward retracement may continue.