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Ethereum faces a critical test as over $2 billion in long positions could be liquidated if the price falls below the $4,200 support level. Institutional short positions on ETH have hit record highs, while ETFs continue steady accumulation. Market participants are closely watching key economic events, including Powell’s speech and FOMC minutes, for directional cues.
- Over $2 billion in ETH long positions could be liquidated if the price drops below $4,200, potentially triggering a wave of forced selling.
- Institutional short positions on Ethereum have reached an all-time high, contrasting with steady spot accumulation by ETFs.
- Key macroeconomic events, including FOMC minutes and Powell's speech, are expected to impact crypto market volatility this week.
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