Ether price may 20% drop as analysts say ‘downside risks remain’
Cointelegraph
Market analysts warn that Ether faces a potential 20% price decline due to increased exchange inflows and weakening demand for spot ETFs.Summary
Market analysts are warning of potential downside risks for Ether (ETH), suggesting a possible 20% price drop toward $1,700. This outlook is driven by a significant rise in ETH reserves on exchanges, which indicates distribution by large holders, and a technical rising wedge pattern that has broken support. Furthermore, declining demand for spot Ethereum ETFs, which have seen four consecutive days of outflows, is intensifying selling pressure. While some minor rebounds may occur, experts caution that these are likely distribution events rather than signs of a bullish reversal.
(Source：Cointelegraph)