Ethereum's price keeps dropping, reaching a critical point at $1800. This concerns investors while HyperLiquid traders remain active.
Current State of Ethereum
Ethereum has lost over 46% of its value from the 2024 peak of $4006. Its market value now stands at $227 billion, losing $255 billion. Analysts at Standard Chartered have cut their price target to $4000, citing structural decline in Ethereum's network.
Who Profits from the Crash?
Some traders on HyperLiquid are set to profit from Ethereum's fall. An anonymous trader secured an $86 million profit by shorting Ethereum. However, not everyone is as fortunate: another trader lost $5.21 million betting on Ethereum's rise.
Ethereum's Future: Risks and Predictions
Ethereum is trading at $1891, having lost 3% in value today. Charts show a bearish pattern suggesting a potential further drop to $1500. This creates significant risks for investors, adding uncertainty to the market.
Ethereum faces considerable challenges despite active trading strategies. Investors fear further declines as Ethereum's future remains uncertain.
