Cryptoquant analyst: Futures traders are selling Ethereum, and it may continue to decline in the short term

ChainCatcher news, Cryptoquant analyst ShayanBTC stated that the price of Ethereum may continue to decline in the short term unless market conditions change. The current price of Ethereum is struggling to break through $4000, and the buy-sell ratio in the futures market (7-day moving average) shows that sellers are dominant. This ratio has recently failed to rise above 1 and has sharply declined, indicating that most futures traders are either selling Ethereum for speculative purposes or to realize profits. It suggests that this trend is a bearish signal, and if this trend continues, the current downward pullback may persist.