Ethereum Futures Shift Gears as Longs Outpace Shorts for the First Time This Week

Bitcoin’s rally to a new all-time high today has sent ripples across the broader crypto market, lifting many altcoins. Among the biggest beneficiaries is Ethereum (ETH), which has climbed over 3% in the past 24 hours, driven by renewed bullish sentiment and a surge in futures market activity. Ethereum’s Futures Market Signals Recovery as Traders Favor Long Positions Demand for ETH long positions has overtaken shorts for the first time in 11 days, marking a notable shift in trader positioning. According to Coinglass, ETH’s long/short ratio has risen above 1, indicating that more traders are now betting on upward price movement source: https://beincrypto.com/ethereum-futures-shift-gears/