Ethereum is currently priced at approximately 4,775 USD, nearing its all-time high. Analysts warn that buying ETH at this level contradicts historical trends, as drawdown risks increase despite growing institutional demand.
Net Taker Volume stands at -464 million USD, indicating that selling pressure dominates the market. Additionally, ETH futures open interest has hit a new record of 35.5 billion USD, suggesting possible volatility and liquidation risks in the near future.
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