Forecast of an ETH sell-off wave as price struggles to break 1,700 USD
- Analysts predict ETH might face a new sell-off as it struggles to breach the 1,700 USD level.
- Incoming funds to exchanges are increasing, demand is waning, and open interest in ETH futures has dropped by 31%, signaling negative trends that suggest selling pressure may persist.
- The market is cautious about the risk of a deeper correction if ETH doesn't reclaim that critical resistance level soon.
$eth #eth
#vlikevn #Titanbot
Source: CoinTelegraph
- Analysts predict ETH might face a new sell-off as it struggles to breach the 1,700 USD level.
- Incoming funds to exchanges are increasing, demand is waning, and open interest in ETH futures has dropped by 31%, signaling negative trends that suggest selling pressure may persist.
- The market is cautious about the risk of a deeper correction if ETH doesn't reclaim that critical resistance level soon.
$eth #eth
#vlikevn #Titanbot
Source: CoinTelegraph