Based on CoinRepublic, Ethereum (ETH) faces a potential 26% price decline to $2,230 due to weak buyer pressure above $3,000. Despite this, on-chain data shows the lowest ETH exchange balance since 2015, indicating reduced supply. Derivatives data highlights a $3.1 billion short exposure above $3,300 and $3.57 billion in long positions below $2,800, suggesting a volatile tug of war between bulls and bears. Ethereum's failure to break through $3,100 resistance has led to lower highs, with the RSI signaling continued bearish momentum.
Ethereum Price Faces 26% Drop Risk Amid Lowest ETH Exchange Balance Since 2015
The Coin RepublicShare
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