"Culper Research: Why We Remain Firmly Short on ETH" (Compiled by: Deep Tide TechFlow) Short-selling firm Culper Research believes that Ethereum's tokenomics have deteriorated following the 2025 Fusaka upgrade: the expansion of block space has caused Gas fees to decline approximately 90%, yet real demand has not grown in sync. On-chain activity growth is primarily driven by address poisoning attacks and dust transactions, accounting for roughly 95% of new wallets and over 50% of transaction volume growth. Meanwhile, validator rewards have declined and developer growth lags behind Solana. Combined with competition and L2 diversion, Ethereum's fundamentals are weakening, therefore the firm maintains its short position. Read the full article:

【DASHUSDT SIGNAL】Long: 4H Volume Breakout of Key Resistance, Capital Structure Strengthens DASHUSDT 4-hour candle experienced a key breakout during the 03-15 04:00-08:00 timeframe. Price rallied from $32.82 to $34.03, with trading volume surging to 234,232.556, the highest volume bar in recent periods, and a buy/sell ratio of 0.53 indicating dominant aggressive buying. This candle engulfed the previous 6 4H candles and broke through the dense trading zone of 33.00-33.50 and the daily EMA50 (32.72) resistance. After the breakout, price is consolidating in the 33.24-33.86 range with declining volume (latest 1H volume 12,781), a typical healthy pullback post-breakout. 🎯 Direction: Long ⚡ Entry: 33.25 - 33.35 🛑 Stop Loss: 32.89 🚀 Targets: 34.50 / 35.80 🛡 Strategy: Reduce position by 50% when price touches 34.50, move stop loss on remaining position up to 33.60, targeting higher objectives. Rationale: The core of this breakout lies in the resonance of volume, price, and structure. The 234K massive volume is over 3 times the average 4H trading volume of the past 20 days, a clear signal of institutional capital entry rather than retail chasing. Order book shows significant buy orders accumulated in the 33.20-33.30 zone (over 5,000 contracts cumulative), forming solid support. On the daily level, price has broken above all short-term moving averages (EMA20: 32.84, EMA50: 32.72), with the intermediate downtrend structure destroyed. Current positive funding rate (0.01%) eliminates friction costs for long positions. The path of least resistance has turned upward; after short-term stop losses below 33.00 are cleared, there is no significant technical resistance up to 35.80, providing longs with a clear operating space. View live chart 👇 DASHUSDT --- Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL