4 hours ago
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Ethereum Faces Short-Term Risk as Market Maker Balance Sheet Issues Emerge
Current crypto market weakness might be due to structural issues, with large market makers potentially having liquidity gaps. This could lead to forced liquidations if prices are pushed low enough by competitors.
- The Fear and Greed Index has dropped to 16, indicating extreme fear in the market.
- Bitcoin is near $91K, and Ethereum is around $3K, showing little daily movement.
- Market activity suggests stress on major players or intentional price driving by competitors.
- This is seen as short-term pain, not indicative of a long-term collapse.
ETH Price Analysis
- Ethereum is approaching the lower boundary of a rising wedge; a breakdown may lead to testing support levels.
- Potential target for ETH is $10,000, contingent on maintaining current support.
- Indicators like RSI and MACD are neutral, reflecting indecision among traders.
