Cryptoquant analyst: Futures traders are selling Ethereum, and Ethereum may continue to fall in the short term

Odaily Odaily News Cryptoquant analyst ShayanBTC said that Ethereum prices may continue to fall in the short term unless market conditions improve. The current Ethereum price is difficult to break through $4,000, and the buy-sell ratio (7-day moving average) in the futures market shows that sellers are dominant. The ratio has recently failed to rise above 1 and has fallen sharply, indicating that most futures traders are selling Ethereum for speculative purposes or to realize profits. He said that this trend is a bearish signal, and if this trend continues, the current downward retracement may continue.