Ether price still risks declining toward the $1,000-$1,400 range, according to a confluence of bearish technical and onchain indicators.
Ether (ETH) has fallen by 30% over the past seven days, sliding to $1,900 from $2,800. The drop was accompanied by a sharp decline in futures activity, with Ether’s open interest falling by more than $15 billion over the same period.
Analysts are now focusing on the long-term technical zones and onchain indicators that may signal a major turning point for ETH price.
Key takeaways:
