Ethereum analysts say ‘downside pressure’ remains as $1.8K becomes key

Analysts warn Ether’s downside risks remain elevated as traders closely watch the $1,800 support zone for stability.

Market analysts say Ether (ETH) still faces “downside pressure” that could trigger another ETH price sell-off as traders shift their focus to support at $1,800. 

Key takeaways:

Analysts have highlighted several reasons for Ether’s potential to drop lower, including an elevated estimated leveraged ratio and positive funding rates amid a “weakening price structure,” according to CryptoQuant analyst PelinayPA. 

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