Ethereum analysts say ‘downside pressure’ remains as $1.8K becomes key
Analysts warn Ether’s downside risks remain elevated as traders closely watch the $1,800 support zone for stability.
Market analysts say Ether (ETH) still faces “downside pressure” that could trigger another ETH price sell-off as traders shift their focus to support at $1,800.
Key takeaways:
Analysts have highlighted several reasons for Ether’s potential to drop lower, including an elevated estimated leveraged ratio and positive funding rates amid a “weakening price structure,” according to CryptoQuant analyst PelinayPA.