Ethereum price action and derivatives data confirm bears are currently in control
Investors are unwilling to add long positions, as the Shanghai fork is expected to unlock a significant amount of ETH over a short period.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Investors are unwilling to add long positions, as the Shanghai fork is expected to unlock a significant amount of ETH over a short period.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Crypto ETFs appeared to hit $10B in hours, but filing data exposes where that money really came from
US spot Ethereum ETFs appeared to begin trading with $10.36 billion already inside them, an opening balance large enough to resemb...
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
XRP Price Prediction: Ripple Faces Strongest Derivatives Selling Pressure
XRP price is having a more complicated prediction than that single red number suggests. Beneath the surface, derivatives desks are...
Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin
Ethena is expanding USDe into equity perpetual-basis trades, targeting funding yields more than five times higher than Bitcoin’s a...
Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data fr...
Ethereum Price Faces Glamsterdam Test as 3X Network Speed Threatens Smart Contracts
Ethereum price is starting to stabilize, as the network’s next major upgrade puts its core economic assumptions under scrutiny. Th...