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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InEthereum (ETH) is currently enduring its longest weekly losing streak since 2022, marking six consecutive weeks of negative price action. This prolonged downturn is accompanied by a significant decline in whale order sizes, suggesting a lack of aggressive buying interest from large-scale investors during the dip. Market data reveals that institutional and high-net-worth traders are remaining on the sidelines, failing to provide the necessary support for a price rebound. Adding to the bearish sentiment, a massive cluster of short positions worth approximately $2 billion has formed near the $2,000 psychological level. This concentration of shorts creates a high-risk scenario for ETH, potentially leading to further downward pressure or a liquidity squeeze. Without a resurgence in whale participation, the second-largest cryptocurrency remains vulnerable to extended volatility and deeper corrections.