• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Is ETH Price Aiming for a Bearish Comeback?
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Price Analysis > Is ETH Price Aiming for a Bearish Comeback?
Price Analysis

Is ETH Price Aiming for a Bearish Comeback?

vitalclick
Last updated: February 10, 2025 8:47 pm
33 minutes ago
Share
SHARE

Contents
Ether ETPs Surpass Bitcoin in InflowWhat’s Next for ETH Price?  

Ethereum (ETH) is currently experiencing consolidation, with its price fluctuating between $2,700 and $2,600 over the past three days. Although the price movement is confined to this range, there has been a significant spike in activity within the Ethereum derivatives market, marked by an increase in positions by short sellers.

Ether ETPs Surpass Bitcoin in Inflow

Over the last 24 hours, Ethereum price has been attempting to surge above $2,700; however, it faces strong bearish domination. Data from Coinglass shows that Ethereum witnessed a total liquidation of nearly $45.64 million, with buyers liquidating around $28.46 million worth of positions.  

However, there’s a stronger dominance of Ethereum ETPs than Bitcoin. In the past trading week, Ether ETPs saw a 95% increase in inflows compared to Bitcoin ETPs, attracting a substantial $793 million, according to a report by CoinShares on Feb. 10.

This rise in Ether ETP activity came during ETH’s price drop below $2,700 on Feb. 6, which triggered “significant buying-on-weakness,” as noted by CoinShares research director James Butterfill.

This marked the first occasion in 2025 where Ether ETPs surpassed Bitcoin ETPs in terms of inflows, with similar events occurring in late 2024.

Also read: Florida Proposes Bill to Invest Public Funds in Bitcoin

However, the muted price of Ether can be because of hedge funds ramping up their bearish positions on the altcoin. Short positions in Ethereum have surged by 40% in just one week and by 500% since November 2024. This level of short selling by Wall Street hedge funds is not normal in Ethereum’s history, far surpassing any previous records.

One factor contributing to the bearish sentiment among traders towards ETH is the overall declining trend of the network. In addition to the supply reverting to pre-merge levels, there has been a noticeable decline in activity on the Ethereum network. This decline is highlighted by the fall in the Total Value Locked (TVL) in decentralized finance (DeFi) to a low of $56.8 billion in February.

What’s Next for ETH Price?  

The price of Ethereum is struggling to hold on to its momentum around $2700, resulting in a consolidation. Currently, Bitcoin is facing bullish domination as buyers aim for a break above the immediate Fib channel. Right now, ETH is priced at $2,677, having surged by 2.1% in the last 24 hours. 

The ETH/USDT trading pair is struggling around $2,700, which might pose a slight challenge. If it can stay above this level, it would be advantageous for buyers. The price could then attempt to move above $3,000, and potentially settle around $3,200.

On the other hand, if the ETH price rejects the declining trend line, we might see a strong correction. Then, there would be a possible bearish consolidation toward $2,500. With the RSI trend line hovering just below the midline, there could be a continued buying demand toward $2,700-$3,000.

You Might Also Like

Sui Price Reclaims $5-Here’s When the Crypto Will Officially Enter the Top 10 Surpassing Tron

Bullish Momentum Amid AltSeason Hopes?

Top Altcoins To Buy This October Rally!

Dogecoin Following the Bullish Pattern—Here’s When the DOGE Price May Hit a New ATH at $5

FLOKI Price Could Surge by 96%, Says Analyst

TAGGED:Price Analysis
Share This Article
Facebook Twitter Email Print
Previous Article Florida Proposes Bill to Invest Public Funds in Bitcoin
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?