Wintermute Calls Ethereum ‘Wrong Asset for Macro’ as ETH/BTC Hits 10-Month Low

ETH

ETH/USDT

$2,501.37

+1.94%

$2,501.37

+1.94%

(24s)

24h Volume

$7,156,404,726.91

24h H/L

$2,523.97 / $2,450.00

Change: $73.97 (3.02%)

Long/Short

58.8%

Long: 58.8%Short: 41.3%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,502.59

▲ 0.90%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,552.17

Price$2,502.59

Support 1$2,449.71

Support 2$2,372.60

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):65.2

Kamina Bashir

(06:43 AM UTC)

1 min read

Verified byJames Mitchell

0 comments

Wintermute says Ethereum (ETH) is the “wrong asset for this macro” after ETH fell 10.2% last week. In addition, the ETH/BTC ratio collapsed to 0.0275, its lowest reading since July 2025.

The market maker noted that Ethereum continues to lag across both spot and derivatives markets. Several additional indicators also pointed to a bearish outlook for ETH.