#Ethereum #Market #Analysis – Why the Bulls Are Failing
#Ethereum ($ETH ) is showing the same pattern once again. The bulls appear to be nothing more than fuel for the larger players. At this stage, the #downtrend is extremely difficult to stop.
Today, we witnessed a net inflow of #100,000 $ETH . Normally, such a massive inflow would be considered a bullish signal. Yet, surprisingly, the price did not rise. Why?
Through monitoring several large wallet addresses on my system, I noticed that most of these big players had already accumulated Ethereum at much lower levels. Even with today’s move, the price only managed to climb a few points before some whales started selling, especially when the price gained around 20 points. This clearly indicates that the market is under heavy distribution pressure.
On top of this, I also observed several whales increasing their short positions. This is a strong sign that the bullish attempt has completely failed.
$ETH
ETH
4,170.23
+1%
However, there’s no need to panic. The market always finds new “fuel” — and unfortunately, that often comes from retail traders. Many small investors keep opening long positions, unknowingly becoming the liquidity source for the bigger players.
Currently, there are liquidation levels of $600M–$700M on the long side still waiting to be triggered, while shorts have only about $200M–$300M in liquidation exposure. This imbalance makes the situation even riskier for retail bulls.
In conclusion, Ethereum’s current market structure favors the shorts. Until large holders stop distributing and shorting, bulls will continue to be at a disadvantage.#