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ETH Trapped Below $1.7K Raises Call For Another “Selling Wave"

Summary by GlobalNewsIt
Ether’s (ETH) exchange and derivatives data turned weaker over the past month. Binance recorded net inflows of 57,700 ETH, while futures open interest fell to a year-low of $10.3 billion from $15 billion, and the ratio of leveraged positions retreated sharply from their early June highs.  The combination of rising exchange supply, muted new participation, and declining futures activity has led ETH analysts to forecast another wave of selling pre…

9 Articles

Ethereum has today pierced the $1,700 after recording an intraday drop of 5.51% that leaves it listing around $1,695.86. The sales stampede, unleashed by an underlying inflation data worse than expected in the United States and a cascade of leveraged settlements, has alerted analysts, who already warn of a possible collapse of up to $1,500 if the level of support is not recovered.The macro trigger and the wave of liquidations that have sunk ETH …

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BITRSS broke the news on Friday, June 19, 2026.
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