The prominent cryptocurrency Ethereum (ETH) is experiencing a significant increase in shorting activity, according to analyst "Maartunn." Taker sellers are dominating the market, outpacing taker buyers by over $350 million daily. This trend is unusual for Ethereum, which has historically been a "perma-bull" asset with consistent long interest. The spike in shorting activity is surprising and raises questions about the future price trajectory of Ethereum. Despite this, conventional metrics like funding rates and open interest do not clearly indicate the increase in shorts. Ethereum's underperformance at key resistance levels, such as $4,000, has led traders to move towards short positions in line with overall market sentiment. The growing trend of shorting Ethereum highlights a deviation from its historical behavior.



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