Ethereum analysts see ‘downside risks’ as bears eye 20% ETH price drop
Ethereum analysts said that increasing supply on exchanges and declining ETF demand put ETH at risk of another leg down to $1,700.
Market analysts say Ether (ETH) faces “downside risks” that could trigger another 20% downtrend toward $1,700, new analysis said.
Key takeaways:
Ether’s 40% recovery from multi-month lows below $1,800 was dampened by resistance from the $2,400 level.