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#Ethereum's gas fees hit a 5-year low, signaling a deeper scaling crisis. 🔎 ⛓️

Ethereum Under Attack: Hedge Funds Ramp Up Bearish Bets Ethereum ($ETH) is facing historic short interest as Wall Street hedge funds place record-breaking bets against the asset. With 11,341 short contracts on the CME, Ethereum’s bearish positioning has surged 500% since November 2024, raising concerns about its future price action. Why Are Hedge Funds Targeting Ethereum? Several key factors are driving this aggressive shorting: Market Manipulation: Some analysts suggest that institutions may be influencing ETH’s price to drive it lower before a major rebound. Competition from Rivals: Solana ($SOL), XRP, and SUI have outperformed ETH in 2024, leading to concerns over Ethereum’s long-term dominance. Regulatory and Technical Uncertainty: Despite inflows into Ethereum ETFs, network inefficiencies and high gas fees remain challenges. Could a Short Squeeze Happen? A short squeeze occurs when a heavily shorted asset rises rapidly, forcing short sellers to buy back their positions, fueling further price increases. Given ETH’s extreme short positioning, any positive catalyst—such as institutional inflows or a Bitcoin rally—could trigger a major rebound. For now, Ethereum is holding critical support at $2,600. Whether hedge funds profit from their shorts or get caught in a squeeze depends on the market’s next move. Buckle up—the coming weeks could be pivotal for ETH’s trajectory.

Wall Street hedge funds are making **historic bearish bets** against Ethereum (ETH), sparking questions about its future. Here’s the breakdown: Key Highlight Short Positions Surge: - Short interest in Ethereum has skyrocketed +40% in just ONE WEEK and +500% since November 2024 . - Hedge funds are now holding 11,341 short contracts on CME, a record high . - Price Performance: - ETH is trading around $2,500-$2,600, down ~45% from its November 2021 all-time high . - Bitcoin has outperformed ETH by 12x since 2024, with BTC’s market cap now 6x larger than Ethereum’s . - Recent Volatility: - On February 2, ETH plunged 37% in 60 hours amid trade war fears, wiping out $1 trillion from the crypto market . Why Are Hedge Funds Betting Against ETH? - Potential Reasons: - Market Manipulation: Some analysts suggest hedge funds may be influencing prices . - Bearish Outlook: Concerns over Ethereum’s long-term prospects due to competition from Solana and Layer-2 networks . - Harmless Hedges: Some shorts may be part of neutral strategies like cash-and-carry arbitrage . -Mixed Signals: - Despite the bearish bets, Ethereum ETFs saw $420M in net inflows last week, double that of Bitcoin . - In December 2024, ETH attracted $2B in new funds, including a record $854M weekly inflow . ⚡ Could a Short Squeeze Happen? - What’s a Short Squeeze? - When a heavily shorted asset (like ETH) starts rising, short sellers rush to cover their positions, driving prices even higher . - Why It Could Happen: - The extreme short positioning makes ETH vulnerable to a squeeze if positive developments occur . - Analysts note that ETH has historically seen dramatic price swings after similar setups . Challenges Ahead - Competition: Ethereum faces pressure from Solana, XRP, and SUI, which have outperformed ETH in 2024 . - Regulatory Uncertainty: Despite support from the Trump administration, concerns linger . - Technical Issues: High gas fees and network inefficiencies remain a concern . What’s Next for Ethereum? -Support Levels: ETH is holding $2,600, a critical support zone. A break below could lead to further declines, while holding could trigger a rebound . - Long-Term Outlook: While short-term pressure persists, long-term inflows suggest some investors remain optimistic . Stay Tuned: The crypto market is unpredictable, and Ethereum’s fate could swing dramatically in the coming weeks. Will hedge funds’ bets pay off, or will a short squeeze send ETH soaring? Only time will tell! #Dyor $ETH

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Trump Imposes 25% Tariff on Steel and Aluminum, Leads to Market Crash A market sentiment analyzer for cryptocurrency, the crypto fear and greed index has continued to be in the fear area since last week. On February 1, Trump imposed tariffs of 25% on prominent trading partners The largest cryptocurrency went down to $94,000 and then pushed back to $97,000, as per the data from the MarketCap.  The crypto market dipped as the President of the United States Donald Trump imposed tariffs on aluminum and steel, a recent barrage in a boosting US trade war. Trump mentioned that any steel and aluminum coming into the state would be struck with a 25% tariff, as per the report of the Associated Press on February 9.  He also revealed that the White House would introduce tariffs on nations imposing import fees on US goods. He further went on to say that if they are charging us 130% and we are charging them nothing, it is not going to be that way.  The gradual recovery  After the announcement of the President, the crypto market slumped all over the world. However, a gradual recovery can also be witnessed. The largest cryptocurrency went down to $94,000 and then pushed back to $97,000, as per the data from the MarketCap.  At the same time, the same data platform provider reveals that Ether has also pushed its way back to almost the same level it was before the tariff announcement, attaining a low of $2,537 but now it is trading back to $2,645.  Meanwhile, the overall crypto market slumped from $3.15 trillion to $3.10 trillion. After that, it recovered to $3.13 trillion. A market sentiment analyzer for cryptocurrency, the crypto fear and greed index has continued to be in the fear area since last week. It has shown an average score of 44 out of 100.  At the time of writing this, it was still in a fear state, having a score of 35, down from 46 as registered on February 9. Trump has also revealed other plans to impose tariffs on the EU, superconductors, oil, gas, steel, and copper.  The recent tariff imposition  On February 1, Trump imposed tariffs of 25% on prominent trading partners like Canada and Mexico and around 10% on China. This also resulted in a dip in stock and crypto markets.  The Chief Executive Officer of a prominent crypto exchange, Ben Zhou anticipated the liquidations could have attained $8 billion to $10 billion. Ultimately, the crypto market rebounded after the imposed tariffs on Mexico and Canada were halted on February 3 for a month. Trump has not rejected the tariffs once the halt period expires.  On February 3, the PM of Canada, Justin Trudeau posted on X asserting that he had a phone call with the 47th President of the United States, Donald Trump which led to halting to 25% for a minimum duration of 30 days and both countries will work collaboratively. $BTC