Ethereum’s perturbation from the massive short positions on CME is decreasing, aiding price reevaluation. Recent data indicates increased network activity, setting the stage for a potential price reversal. However, without fresh market stimuli, Ethereum may struggle to ascend significantly.
While the unwinding of short positions eased market pressure, it doesn’t equate to bullish sentiment yet. A resurgence in demand, such as favorable regulatory decisions or strong institutional inflows, will be crucial for igniting a bullish price trend for ETH.
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