Ethereum short positions have surged significantly, increasing market selling pressure.

#Short positions in Ethereum have surged by 500% since November 2024.

This data suggests that market players are solidifying their bearish expectations. The recent 40% increase has further intensified selling pressure, leading investors to broaden their hedging strategies in response to the prevailing market conditions.

#Analyst Ted Pillows compares the current market conditions to movements seen in March 2020. He recalls an unexpected recovery in Ethereum following a sharp decline during that period. As market dynamics are closely monitored, maintaining support levels could trigger another upward movement in Ethereum’s price.$ETH