Ethereum's recent performance has been underwhelming, particularly as elections approach, prompting traders to shift towards short positions more aggressively than before. Data indicates that significant investors are actively shorting Ethereum, raising questions about their insights into potential market movements or whether they are merely taking speculative risks.

Currently, Ethereum exhibits little sign of recovery, as evidenced by the last 1 hourly candles. Both long and short positions have faced liquidation for those utilizing high leverage, while larger investors appear insulated from these fluctuations.

Unfortunately, this volatility has disproportionately impacted smaller traders, highlighting the challenging environment for many in the market.

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