Eth

Ether’s brief run to $2,850 on Monday was due to a catch-up trade that could reverse later, one trader said.

Recovery from oversold momentum indicator, the upcoming Pectra upgrade and Wednesday’s CPI report are among the catalysts that could fuel an ETH rally,, a 10x Research report noted.

The record short interest is led by carry trades and some amount of outright bearish bets on the second-largest cryptocurrency.

ETH, DOGE Price Analysis: How Trump Tariffs May Impact Cryptos Such as Ether, Dogecoin

Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base’s ETH earnings over time,” Base member Kabir.base.eth said on X.

Despite the bearish performance, analysts note a potential setup for a price bounce as bearish sentiment impacts ETH.

Ether’s price action mirrors the August bottom amid signs of strong taban demand for the second-largest cryptocurrency.

Maybe it’s time to trust the stars as the year of the snake starts.

Buterin called for implementing incentives for layer 2 networks to allocate a portion of their fees to ETH using mechanisms like burning fees and staking.

The SEC could consider approving staking for ETFs, boosting sentiment and prices for the second-largest cryptocurrency, market observers said.