Ethereum Price Prediction: ETH Downtrend Deepens as Open Interest Cools & Momentum Weakens
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Ethereum (ETH) is under sustained bearish pressure, trading below $2,512 and facing key support at $1,960–$1,900. Technical indicators show consistent lower highs and lows, signaling ongoing downside risk. Derivatives data indicates trader caution and indecision in the market.
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- ETH remains under pressure as lower highs and lows confirm sustained bearish control.
- Key support lies at $1,960–$1,900, with $1,740 critical for further downside risk.
- Derivatives show deleveraging and mixed spot flows, signaling trader caution and indecision.
Ethereum continues to trade under heavy pressure as the daily chart reflects a clear bearish trend. Market structure shows consistent lower highs and lower lows, which signals sustained seller dominance. Besides weaker price action, technical indicators and derivatives data also point to reduced confidence among traders.
Technical Structure Signals Ongoing Downside Risk
Price action shows a strong rejection near the 0.5 Fibonacci area around $3,347, which reinforced a macro resistance zone. However, sellers quickly regained control and drove ETH below the $2,512 region, accelerating bearish momentum. T…
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