$ETH One of the key factors in the recent rise of Ethereum was the sharp reduction in short positions. CME data shows that the volume of shorts has fallen below $500 million — the lowest level in 2025. This indicates that traders have become less confident in further declines, which reduces the selling pressure.

☝️This shift is particularly important against the backdrop of previous events. A few weeks ago, many institutional players were profiting from the discrepancies between Ethereum futures and spot prices. However, after the easing of tariffs in the US and a decrease in volatility, this arbitrage became less profitable, and many closed their positions. The wave of selling that followed contributed to the drop in ETH to $1400.