{"content":"$ETH There were 15.3 million fewer ETH on exchanges, underscoring a strong accumulation trend. This meant reduced sell pressure and potential supply crunch, a perfect set-up for an explosive run-up if demand accelerates. However, there was increased profit-taking from the Q2 recovery gains, which could lead to a brief cool-off in the rally in the short term. But market positioning remained bullish since late April and in the mid-term. According to Options data, 25 Delta Skew was negative for the 1-week (-3.5%)and 1-month period (-4%), suggesting higher demand for calls (bullish bets) than puts (bearish bets). Simply put, the market was pricing in a higher chance of a likely upward rally for ETH. At press time, ETH traded at $2.5K, about 60% from its current cycle high of $4K. ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/21/bbc538877a224249b464640f1a549d34.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}