Here Is Why Ethereum Price Will See A Downfall Soon – Coinpedia – Fintech & Cryptocurreny News Media

A well-known analyst at CryptoQuant reveals that, judging by the total number of long positions held by ETHUSD on the Bitfinex crypto exchange, the current Ethereum price will turn out to be a bearish one. 

Whenever this indicator flashes high, it indicates a surge of the bullish sentiment among the investors. On the other hand, low volume indicates that investors on the exchange don’t see the asset’s price surging any time soon.

The chart below depicts last year’s ETHUSD long positions held on the bitfinex