CandleFocus CME Records All-Time High Ethereum Shorts Driven by Hedge Funds
2024-12-15
Author: Content Editor
Hedge funds are setting record high short positions against Ethereum on the Chicago Mercantile Exchange (CME), despite an influx of funds into Ethereum ETFs and a generally bullish market sentiment. These short positions indicate a cautious outlook on Ethereum's short-term potential. However, long-term market sentiment remains positive, with many traders anticipating Ethereum to surpass its previous all-time high due to strong market fundamentals. Blockchain data suggests the potential for upward movement in Ethereum's price, and the network activity reflects sustained interest.
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