Ethereum analysts see ‘downside risks’ as bears eye 20% ETH price drop

Ethereum analysts said that increasing supply on exchanges and declining ETF demand put ETH at risk of another leg down to $1,700.

Market analysts say Ether (ETH) faces “downside risks” that could trigger another 20% downtrend toward $1,700, new analysis said.

Key takeaways:

Ether’s 40% recovery from multi-month lows below $1,800 was dampened by resistance from the $2,400 level. 

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