ETH Weakness Continues With Bears in Full Control

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Ether price fell sharply below $2,100 as increasing sell pressure on Binance and persistent ETF outflows fueled bearish momentum.

Ether (ETH) dropped sharply after rejection at $2,400 last week, dropping as low as $2,100 on Monday, indicating that bears are back “in control,” according to new analysis.

Ether drops 12% after rejection at $2,400 as bears regain control.

Binance sell pressure and ETF outflows signal weak ETH demand.

Analysts warn ETH/USD could fall toward $1,700 if support at $2,000 breaks.

ETH bears selling aggressively

ETH price trading at $2,100, down 12% below its local high of $2,420 reached on May 6. On Sunday, ETH/USD hit $2,090 on Bitstamp, its lowest level since April 17.

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