ETH crash to $1K looms if key support breaks: Will futures traders step in?

60-second summary

Ether's futures open interest has fallen by 25%, putting significant pressure on the $1,500 support level, raising concerns of a potential drop to $1,000. Futures traders may be hesitant to step in, exacerbating the situation, as the market struggles to maintain stability. A breach of this support level could have severe implications for the broader crypto market.