Summary
- It was stated that as Ethereum approaches $4000, market sell orders have significantly increased.
- The buy-sell ratio indicator in the futures market has fallen to its lowest level in months.
- This suggests the possibility of a slowdown in price rise, and many participants are preparing for correction risks.
There are claims that Ethereum (ETH) may face a correction.
On the 6th, ShayanBTC, a CryptoQuant analyst, stated, "As the price of Ethereum approaches $4000, market sell orders have significantly increased," adding, "The futures market buy-sell ratio indicator has also fallen to its lowest level in months." He continued, "This suggests that the upward movement of Ethereum's price may slow down," and "many market participants are preparing for correction risks and a slowdown in price rise."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
