Recent data indicates that liquidity providers in Ethereum have reduced their long positions, potentially signaling a shift in market sentiment. Nonetheless, there remains substantial demand from traders, maintaining Optimism for ETH’s future growth.
ETH faced notable price volatility, ranging from 4,109 USD to 3,219 USD within weeks. Although liquidity sentiment fluctuates, strong bullish interest and increasing leverage ratios suggest that ETH could see price spikes, especially into 2025.
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