
Ethereum Faces Growing Bearish Pressure as Hedge Funds Ramp Up Short Positions
Ethereum, the second-largest cryptocurrency by market capitalization, is under mounting pressure as hedge funds ramp up their bearish bets. Despite the broader crypto market showing signs of recovery, Ethereum has been lagging, with its price hovering around $2,500—down 2% in the last 24 hours and nearly 45% below its all-time high in November 2021. The…