Ether

The record short interest is led by carry trades and some amount of outright bearish bets on the second-largest cryptocurrency.

ETH, DOGE Price Analysis: How Trump Tariffs May Impact Cryptos Such as Ether, Dogecoin

Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base’s ETH earnings over time,” Base member Kabir.base.eth said on X.

Despite the bearish performance, analysts note a potential setup for a price bounce as bearish sentiment impacts ETH.

The blockchain’s native token ether has underperformed bitcoin and other altcoins in recent months, the report noted.

The two tokens’ relative performance is more a sign of bitcoin strength than ether’s weakness, one observer said.

The SEC could consider approving staking for ETFs, boosting sentiment and prices for the second-largest cryptocurrency, market observers said.

The ether allocation comes amidst leadership changes aimed at improving technical expertise, communication, and support for app builders.

The ether-bitcoin ratio dropped to the lowest since 2021 as incoming President Trump seen fueling BTC popularity.

Ether stands out relative to BTC as the go-to major currency for traders looking to amplify returns with the use of leverage