Ethereum Price Prediction: ETH Faces Downside Risk as ETF Outflows Offset Stable Open Interest
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Ethereum fell to about $1,652, trading below all major daily moving averages as a bearish trend strengthens and technical market structure deteriorates. Elevated futures open interest shows traders remain active, but persistent ETF outflows signal weak institutional confidence and heighten downside risk for the crypto and DeFi markets unless buyers defend key support levels.
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- Ethereum slides below major moving averages as bearish trend strengthens
- Elevated open interest signals traders remain active despite ETH decline
- Persistent ETF outflows reflect weak institutional confidence in Ethereum
Ethereum remains under heavy selling pressure as traders assess the cryptocurrency’s weakening market structure and fading institutional demand. The asset recently dropped to around $1,652 after an aggressive multi-day decline.
Consequently, the move pushed ETH below every major daily moving average and reinforced a bearish technical outlook. While oversold conditions could trigger short-term rebounds, market participants continue to watch whether buyers can defend critical support levels before another wave of selling emerges.
Technical Weakness Dominates Market Structure
Ethereum’s daily chart highlights a firmly established downtrend. The …
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