Crypto
Ethereum Price Drops Below $1,900 Amid Growing Bearish Positioning
Ethereum's price slipped below $1,900 on Friday, but it remains above its 20-day and 50-day EMAs. Despite this, technical indicators are showing signs of growing bearish positioning.
The US spot Ethereum ETFs have seen four consecutive days of net inflows, indicating institutional demand for the asset remains strong.
Funding rates on perpetual futures weakened this week, turning negative on Thursday for the first time since late June. This suggests short sellers are paying long traders, increasing the risk of sharp liquidations if prices move unexpectedly.