Ethereum Faces Critical Support Level Amid Surge in Short Positions
- Ethereum’s price is at a crucial support level of $2,600.
- Short positions on Ethereum have surged by 40% in the past week.
- The total increase in short positions since November is 500%.
- As of now, ETH is trading at $2,636 with a market cap of $317 billion.
- The daily trading volume has increased by 20% to $19.5 billion.
Ethereum’s price remains under pressure as short positions rise significantly, reaching a critical support level of $2,600. Trading volumes have surged, yet ETH continues to struggle below its previous highs.
Source (2.6)https://coingape.com/ethereum-short-position-surge-40-in-a-week-eth-price-crash-ahead/?rand=24432
