Ether analysts warn of another selling wave as ETH remains below $1,700
Ether is still struggling to move back above $1,700 as exchange inflows, weaker demand and a sharp drop in futures open interest point to continued selling pressure. Analysts say the setup could leave ETH vulnerable to another wave of downside if market conditions do not improve.
What happened?
Ether is still struggling to move back above $1,700 as exchange inflows, weaker demand and a sharp drop in futures open interest point to continued selling pressure. Analysts say the setup could leave ETH vulnerable to another wave of downside if market conditions do not improve.
Why it matters
Ether is struggling to recover above the $1,700 level, with analysts warning that the market may be facing another selling wave. The concern comes as exchange inflows rise, demand softens and Ether futures open interest has fallen by 31%, according to the source material.
Ether is struggling to recover above the $1,700 level, with analysts warning that the market may be facing another selling wave. The concern comes as exchange inflows rise, demand softens and Ether futures open interest has fallen by 31%, according to the source material.
The development matters because these signals often reflect reduced conviction among traders and a greater willingness to move ETH onto exchanges, where it can be sold more easily. For the broader crypto market, sustained weakness in a major asset like Ether can weigh on sentiment across trading desks, derivatives markets and related tokens.
A drop in futures open interest can also suggest that leveraged positions are being closed out or that speculative activity is cooling. Combined with slumping demand, that may leave Ether more exposed to short-term volatility if sellers continue to dominate.
While the article does not point to a single trigger, it frames the current setup as one that could extend downside pressure unless buying interest returns. For now, ETH remains under pressure as traders watch whether the market can absorb the current supply and establish stronger support.