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via Cointelegraph · By Cointelegraph Staff
Ether price may 20% drop as analysts say ‘downside risks remain’
ETH
ETH/USDT
$2,478.88
+0.84%
$2,478.88
+0.84%
(24s)24h Volume
$8,227,038,553.46
24h H/L
$2,523.97 / $2,455.86
Change: $68.11 (2.77%)
Long/Short
55.9%
Long: 55.9%Short: 44.1%
Funding Rate
+0.0009%
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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