As the price of Ethereum (ETH) continues to fluctuate around $4,300, short-term investors are once again realizing profits. With the short position ratio increasing, skepticism about Ethereum's further rise is emerging.
According to on-chain analytics firm Glassnode, recent data shows that short-term Ethereum investors are much more aggressively realizing profits compared to long-term holders. This is interpreted as a signal that short-term traders anticipate a potential price correction in the near future.
Glassnode analyzed on its official X (formerly Twitter) post on the 10th, "Short-term investors are driving larger profit realizations and creating the current market trend."
Currently, the scale of Ethereum profit realization based on the 7-day simple moving average is approximately $553 million per day, with most of this occurring from short-term holders.
The future price movement of Ethereum is expected to be significantly influenced by these short-term investors' actions. If profit-taking continues at the current excessive level, selling pressure could intensify, potentially leading to a short-term correction. Conversely, if these sell orders are absorbed at this level, it could provide a foundation for another potential medium to long-term price rally.
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