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ETH price to $3.5K first? Why Ethereum bears are growing louder
Ether remains stuck in the $4,200-$4,500 range for two weeks, amid decreasing spot and institutional demand. This has made some traders bearish, eyeing ETH price falling to $3,500 before any potential recovery. The choppiness in Ether’s price, coupled with Bitcoin’s recent drop below $100,000, saw a shift in market sentiment as “sell calls” intensified, according to Santiment. “Traders have changed their tunes, swinging more and more negatively with expectations of Bitcoin falling back below $100K, Ethereum back below $3.5K,” the market intelligence firm said in an X post on Tuesday. An accompanying chart ... (full story)
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