Ethereum (ETH) continues to experience bearish pressure as a trader with a record of 12 consecutive losses has shorted 348.5 ETH, valued at approximately $1.02 million, using 25x leverage. The average entry price for this position was $2,945.32, according to Hyperinsight data shared on December 30. This trader has only achieved one successful trade out of 23 attempts this month, highlighting the aggressive shorting activity impacting ETH's market dynamics.