Why did Ethereum price not end?

Ethereum Price has continued to consolidate for the past two months, despite the tangible accumulation by institutional investors. In the last 7 days, the ETH price has fallen by more than 8 percent to act at around $ 2,529 on Wednesday, during the Late North -American session.

The main reason why Ether Price has done badly in the recent past in the midst of increased demand from institutional investors, is the overheated short position of the futures, especially on the Chicago Mercantile Exchange (CME). Hedge funds and other institutional players in particular have made heavy short bets via the CME Futures, which is currently worth more than $ 1 billion.

As a result, the short bets outweigh the overall question of Spot -ether ETFs, which leads to a considerably oppressed ETH price.

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