Ether drops below $3,800, but traders are unwilling to short at current levels

[Dato]

Ether drops below $3,800, but traders are unwilling to short at current levels



<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvMzgwMjU5MjctYTBhNC00ZDJlLWI4M2MtMTQ2NWMzMGI3ZjU0LmpwZw==.jpg"></p><p>Ethereum network saw a nine-fold increase in its smart contract deposits, but a descending channel continues to pressure the price.</p>



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