10x Research: Shorting Ether Could Hedge Bitcoin Exposure
10x Research suggests shorting Ether (ETH) as a hedge against Bitcoin (BTC), citing a shift in institutional focus and structural weaknesses in Ethereum. While Bitcoin attracts institutional capital, Ethereum-focused entities reportedly face resource depletion.
Analysts note Bitcoin's continued dominance in institutional investment. Ethereum's previous "digital asset treasury" narrative, encouraging institutions to accumulate ETH and distribute it to retail investors, appears to be faltering due to a lack of transparency in PIPE disclosures and uncertain capital flows.
Key support for ETH is at $3,000, with potential drops to $2,700 if breached. Technical indicators suggest a topping pattern and a false breakout from a multi-year wedge formation.
Despite this, some major ETH treasury firms maintain a long-term bullish outlook. BitMine, the largest holder, believes ETH could reach $10,000 this year.


Cryptovka
10x Research: Shorting Ether (ETH) Offers Bitcoin Hedge Amid Structural Weaknesses
A recent report by 10x Research suggests that shorting Ether (ETH) could serve as a strategic hedge against Bitcoin (BTC) exposure, citing a shift ...






