ETH Long Positions Surge 48% on Bitfinex Amidst December Consolidation

In a recent update from COINOTAG News dated December 30th, it has been observed that the **long positions** held in **Ethereum (ETH)** on the **Bitfinex** exchange have surged by around **48%** during the consolidation phase that commenced on **December 22nd**. This upward trend has resulted in a current total of approximately **104,847.23 ETH** being maintained in long positions. This significant increase highlights growing bullish sentiment among investors regarding ETH’s market performance. As the cryptocurrency landscape continues to evolve, monitoring changes in long and short positions can provide valuable insights into **market trends** and trader behaviors. Effective tracking of these metrics is essential for those looking to navigate the complexities of the crypto market wisely, reaffirming the importance of analytical tools such as those provided by **Coinglass** for informed trading decisions.