The recent decline in cryptocurrency prices has brought Ethereum into sharp focus, with a notable surge in discussions despite an overall market downturn. As highlighted by Santiment, a market intelligence platform, this shift in attention is attributed mainly due to the launching of a new ETF, driving heightened interest in Ethereum as the second-largest cryptocurrency by market capitalization.

Despite increasing short positions across the market, Ethereum has managed to hold a resilient position, down only 4.58% over the last 24 hours, with a current trading price of $3,089.87.

The emergence of an Ethereum ETF has brushed up investors’ hopes while encouraging confidence in cryptocurrencies and their prospects. This occurs concurrently with increasing volatility in the crypto market. Over the same period, Bitcoin exper…

The post Ethereum Remains the Hot Topic Of Discussion Despite Increment in Short Positions appeared first on Coin Edition.

The recent decline in cryptocurrency prices has brought Ethereum into sharp focus, with a notable surge in discussions despite an overall market downturn. As highlighted by Santiment, a market intelligence platform, this shift in attention is attributed mainly due to the launching of a new ETF, driving heightened interest in Ethereum as the second-largest cryptocurrency by market capitalization.

Despite increasing short positions across the market, Ethereum has managed to hold a resilient position, down only 4.58% over the last 24 hours, with a current trading price of $3,089.87.

The emergence of an Ethereum ETF has brushed up investors’ hopes while encouraging confidence in cryptocurrencies and their prospects. This occurs concurrently with increasing volatility in the crypto market. Over the same period, Bitcoin exper…

The post Ethereum Remains the Hot Topic Of Discussion Despite Increment in Short Positions appeared first on Coin Edition.