According to TechFlow, Cryptoquant analyst ShayanBTC said that Ethereum prices may continue to fall in the short term unless the situation changes.
The current price of Ethereum is difficult to break through $4,000, and the buy-sell ratio (7-day moving average) in the futures market shows that sellers are dominant. The ratio has recently failed to rise above 1 and has fallen sharply, indicating that most futures traders are actively selling Ethereum, either for speculative purposes or to realize profits. It said that this trend is a bearish signal, and if this trend continues, the current downward retracement may continue.
