This key Ethereum price metric shows ETH traders aren’t as bearish as they appear
Traders keep saying ETH price will collapse below $1,600 soon, but a key trading metric shows most are unwilling to place bearish bets below $1,900.
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Traders keep saying ETH price will collapse below $1,600 soon, but a key trading metric shows most are unwilling to place bearish bets below $1,900.
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Declining demand for Tether, negative futures premiums for altcoins and the lack of inflow to the crypto sector are all signs that a rocky road is ahead.
ETH price is meeting strong resistance at the $2,000 level and these trading metrics explain why.
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Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.