sally hos technical analysis 14 may 2022 Ethereum Shorts Building Up, ETH Exchange Supply Rises

Ethereum Shorts Building Up, ETH Exchange Supply Rises

-Santiment sees potential for a Ethereum price rebound, citing heavy short positions at $2,000 and favorable conditions on the 90-day MVRV Ratio.
-However, Santiment also notes that rising exchange supply of ETH could fuel further price drops.
-Santiment attributes the current market conditions to global macro factors, namely inflation fears and the possibility of a U.S. recession.

 

 

ethereum token Ethereum Shorts Building Up, ETH Exchange Supply Rises
Ethereum Shorts Building Up, ETH Exchange Supply Rises 3

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