Ether analysts predict another ‘selling wave’ as ETH struggles to overcome $1.7K
Summary
ETH market data weakened over the past month. Binance saw net inflows of about 57,700 ETH, while new ETH depositor activity stayed low, suggesting limited fresh demand and higher potential sell pressure near resistance. On derivatives markets, futures open interest fell to about $10.3 billion from $15 billion a month earlier, and the estimated leverage ratio dropped sharply, showing a major unwind in speculative positioning. ETH is trading around a key demand zone near $1,700 to $1,400 after falling about 30% in 42 days. Analysts see $1,384 as the next downside liquidity target if weakness continues, though some technical bottoming signals are emerging.
