Serious bets are being placed against Ethereum. Several well-known figures closely monitoring the crypto market are recently reviewing their ether positions. Short position investors like Culper are predominantly adopting bearish strategies around 56 positions.

Tom Lee also expresses concern by highlighting the "death cycle" risk of BitMine. There are doubts about the sustainability of mining operations. Especially energy costs and the risk of hardware becoming outdated threaten long-term profitability.

Such warnings are increasingly common in the market. Some analysts believe that Ethereum's recent movement range may be limited in the near term. However, it is still unclear how much weight the market will give to these negative views. Volatility is expected in the short term.