Woke up to see Ethereum ($ETH) taking another hit. Price action has been super choppy, and despite some bullish signs and whale activity, the bears still seem to have the upper hand.
Right now, ETH is hovering around $1,800, down 1.65% on the day. This marks the second dip in just 24 hours. We saw it bounce from $1,785 back to $1,840, only to crash again—classic bear market behavior.
Trading volume is up 12% to $10.52B, which means volatility is heating up. Coinglass data shows over $37.45M in liquidations, mostly from over-leveraged long positions getting wiped out. Open interest is also falling—never a great sign when traders start pulling out.
On top of that, Vitalik Buterin’s recent concerns about Layer-2 security might be adding to the uncertainty in the space.
Short-term pain? Definitely. But long-term, I’m still bullish on ETH. These shakeouts are tough, but they clear the way for healthier growth.
