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I just saw that analysts are quite worried about Ether lately. Tom Lee, from his analysis platform, is pointing out something interesting about the potential risks ETH faces at this moment.
What caught my attention is that some short traders like Culper are betting heavily against Ethereum. The argument they are using is the negative feedback that could occur if certain support levels are broken, which is technically known as a death spiral in trading.
In reality, this reflects a real tension in the market. When you see major players taking short positions like this, it usually means they are seeing something in the data that concerns them. The negative feedback they mention could accelerate downward movements if the momentum shifts. It will be interesting to closely watch how this develops in the coming weeks.