- Ethereum short positions have jumped, a bullish indicator?
- ETH sees biggest weekly volume since FTX crash.
- Could ETH be heading into a massive bullish pump ahead?
The many changes in the crypto market are leading seasoned analysts to believe that Bitcoin Dominance is heading towards a collapse which will result in a bullish altseason. In detail, many of these long-time crypto experts believe that Ethereum (ETH) will lead the charge once it sets a new ATH in this bull cycle.
Every Q1 following a Bitcoin Halving year has always led to the start of that bull cycle’s altseason peak. Often this peak is led by the pioneer altcoin ETH, an asset that has historically always pumped in February and March. With the same pattern playing out now, analysts are keeping a close eye on the ETH price chart.
Ethereum Short Positions Have Jumped
One bullish sign comes in the observation made in the post above. Here, the chart depicts how Ethereum short positions have jumped 500% since November 2024, with hedge funds betting against ETH. Furthermore, analysts say this recovery depends on increased blockchain activity amid growing competition from other layer-1 networks.
ETH Sees Biggest Weekly Volume Since FTX Crash
Besides the many green signals on the ETH price chart so far, analysts continue to find more. To highlight, the seasoned analyst in the post above seems to be pointing at a bullish sign. Specifically, he says that this is the biggest weekly volume on ETH since Nov 7, 2022, marking the FTX crash. He urges ETH holders to pay attention to the shape of the candle and hints at it being a highly bullish signal.
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