Ethereum analysts see ‘downside risks’ as bears eye 20% ETH price drop
CoinTelegraph·
60-second summary
Ethereum analysts are warning of 'downside risks' as bears eye a 20% ETH price drop, potentially falling to $1,700. Increasing supply on exchanges and declining ETF demand are key concerns. The analysts' bearish outlook may be fueled by the recent uptick in ETH supply, which could weigh on prices and undermine investor confidence in the cryptocurrency market.
Ethereum analysts said that increasing supply on exchanges and declining ETF demand put ETH at risk of another leg down to $1,700.