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via Cointelegraph · By Cointelegraph Staff
Ether price may 20% drop as analysts say ‘downside risks remain’
ETH
ETH/USDT
$1,885.18
+0.12%
$1,885.18
+0.12%
(24s)24h Volume
$1,906,726,791.67
24h H/L
$1,892.31 / $1,877.01
Change: $15.30 (0.82%)
Long/Short
66.8%
Long: 66.8%Short: 33.2%
Funding Rate
+0.0044%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(03:55 PM UTC)
1 min read
Market 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…
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