Ethereum price looks poised for additional downside as low as the $1,560 level.
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Ethereum price looks poised for additional downside as low as the $1,560 level.
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Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao.
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3 key indicators are behind the prolonged bearish trend in Ether, and data fails to identify an immediate catalyst for a price breakout.
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ETH price could come under short-term pressure due to a downtrend in deposits, reduced DEX volume market share and futures data showing traders with a bearish bias.
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Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000.
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Ether options volume hints at bearish sentiment as the $1,850 support falters.
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