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via Cointelegraph · By Cointelegraph Staff
Ether Bears Take Control With Drop to $2K: What Will Stop ETH Price Crash?
ETH
ETH/USDT
$1,886.48
+0.15%
$1,886.48
+0.15%
(24s)24h Volume
$1,855,262,887.93
24h H/L
$1,892.31 / $1,877.01
Change: $15.30 (0.82%)
Long/Short
66.7%
Long: 66.7%Short: 33.3%
Funding Rate
+0.0032%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(03:36 PM UTC)
1 min read
Ether (ETH) dropped sharply after rejection at $2,400 last week, dropping as low as $2,100 on Monday, indicating that bears are back “in control,” according to new analysis.
Key takeaways:
- Ether drops 12% after rejection at $2,400 as bears regain control.
- Binance sell pressure and ETF outflows signal weak ETH demand.
- Analysts warn ETH/USD could fall toward $1,700 if support at $2,000 breaks.
ETH…
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