Ethereum: Profit-Taking and Bearish Bets

Ethereum Faces Profit-Taking Pressure: After a massive surge, Ethereum investors are cashing out, triggering a selloff and a potential price dip. Short sellers are adding to the pressure, but a short squeeze rebound is possible. Options data suggests caution in the short term, with many expecting a drop to $4,000 by September, while long-term sentiment remains bullish, fueled by predictions of Ethereum reaching $20,000. Brace for volatility as the market decides its next move. Hosted on Acast. See acast.com/privacy for more information.