Ether profit taking on the rise as ETH tiptoes near $4.3K
Ether short-term holders are ramping up their profit taking as the price of ETH has climbed 43% in the past month.
Ethereum holders are starting to take profits again as Ether has continued to hover around $4,300 and short positions suggest there’s some doubt of a continued rally.
According to the onchain analytics platform Glassnode, short-term Ether holders have been taking profits more aggressively than long-term holders, which could suggest short-term traders may be expecting a near-term pullback in Ether’s (ETH) price.
“Short-term investors are realizing far more gains, driving the current wave,” Glassnode said in an X post on Monday.
