Hey kids! Ever heard of Ethereum (ETH), a type of digital money like Bitcoin? Recently, it hasn't been doing so well compared to Bitcoin. Lots of big investors are betting against Ethereum, hoping its price will go down. This is called a 'short position'.
- Ethereum's price has only gone up a little this past year.
- Many investors are betting against Ethereum, hoping its price will fall.
- Some experts think Ethereum needs more activity on its network to get better.
- Other new digital money systems are also competing with Ethereum.
| Fact | Number |
|---|---|
| Ethereum's price increase in the last year | 5.9% |
| Bitcoin's price increase in the last year | 104% |
| Increase in short positions on Ethereum since November 2024 | 500%+ |
| Ethereum price drop in 60 hours (Feb 2nd) | -37% |
Experts think if Ethereum gets more users and activity, its price might go up again. It's facing competition from other similar digital money systems, making it harder to grow.
