Ethereum Faces Aggressive Shorting As Taker Sellers Outpace Buyers By $350M Daily – Analyst

Ethereum, the second-largest cryptocurrency, had a disappointing 2024, underperforming against Bitcoin and many altcoins. However, it has started to show signs of recovery in 2025, gaining over 10% in less than a week. This surge has rekindled hope among investors and analysts who see potential for a strong performance this year. Top analyst Maartunn has highlighted an ongoing trend of aggressive shorting in Ethereum markets, with taker sellers dominating the market and outpacing taker buyers by over $350 million daily. This aggressive shorting could explain Ethereum's poor performance in 2024, as constant selling pressure likely suppressed upward momentum. With the new year's optimism, many believe this shorting trend may begin to shift, creating conditions for Ethereum to reclaim its position as a market leader. Ethereum is attempting to push above its 2024 high, but a decisive breakout remains elusive, and the path forward isn't clear-cut due to significant selling pressure. The next few weeks will be critical to determine whether this early rally marks the beginning of a more sustained upward trend. A clean breakout above last year's high could signal the start of a broader rally, attracting renewed interest and potentially reversing the ongoing shorting trend. Ethereum is currently trading at $3,650, having broken above the 4-hour 200 EMA with impressive strength, and is now testing the 200 MA on the same timeframe, a level that could confirm the bullish trend if reclaimed and held as support.