ETH Shorts Skyrocketing, Is Ethereum Crashing to “near-zero” as Vitalik had Reminded
Ethereum price is currently trading around $90 while being down more than 93 percent from its peak. The market sentiments are tilting towards more pain incoming as ETH shorts reach its all-time high (ATH).
“No One Wants ETH”, Ethereum Shorts Reaching the Moon
Desk Update: Historically, our trading volumes have been more evenly weighted across BTC and ETH. However, our recent flows have been heavily skewed towards BTC – with approximately 70% of our transactions in BTC.
— Cumberland (@CumberlandSays) December 7, 2018
Ethereum has dropped down to two digits with yesterday’s crash. Briefly touching $84, ETH has come to its 19-month lowest. At the time of writing, the third largest cryptocurrency by market cap of $9.6 billion has been trading at $92 with 24-hours gains of about 7 percent. In the BTC market, ETH is in the green by about 6 percent.
Ethereum 1-month price chart, Source: Coinmarketcap
Despite the severe downfall, ETH registered…
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