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via Cointelegraph · By Cointelegraph Staff
Ether price may 20% drop as analysts say ‘downside risks remain’
ETH
ETH/USDT
$1,686.96
+6.96%
$1,686.96
+6.96%
(24s)24h Volume
$13,927,861,895.23
24h H/L
$1,691.30 / $1,570.00
Change: $121.30 (7.73%)
Long/Short
68.2%
Long: 68.2%Short: 31.8%
Funding Rate
+0.0064%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(03:55 PM UTC)
1 min read
676 views
0 commentsMarket analysts say Ether (ETH) faces “downside risks” that could trigger another 20% downtrend toward $1,700, new analysis said.
Key takeaways:
- Rising Ether supply on exchanges and declining ETF inflows suggested a possible ETH price drop over the coming days.
- Ether’s rising wedge pattern projected a potential 22% drop to $1,725
ETH inflows to exchanges rise
Ether’s 40% recovery from…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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