🚨 $ETH Drops to Yearly Low – What's Happening? 🚨
Price: ~$1,680 | Weekly: -13% 📉
Why Falling?
1. Options Expiry 🎯 – 155K ETH expired June 5 with max pain at $2,000.
2. ETF Outflows 🏦 – 17 straight days of outflows; $519M left June 2 alone.
3. Leverage Wipeout 💀 – $368M in ETH longs liquidated.
4. Technical Breakdown 📊 – Lost $1,825 support; next targets $1,600 → $1,500.
⚠️ Contrarian Signal
Funding rates hit 2026 highs on Binance – traders are betting on a rebound, but that's more fuel for liquidations if Bitcoin slides.
📝 My Take
Bearish until ETH reclaims $1,825. Don't catch a falling knife.
#ETH #Ethereum #Binance
NFA – DYOR 🛡️
Price: ~$1,680 | Weekly: -13% 📉
Why Falling?
1. Options Expiry 🎯 – 155K ETH expired June 5 with max pain at $2,000.
2. ETF Outflows 🏦 – 17 straight days of outflows; $519M left June 2 alone.
3. Leverage Wipeout 💀 – $368M in ETH longs liquidated.
4. Technical Breakdown 📊 – Lost $1,825 support; next targets $1,600 → $1,500.
⚠️ Contrarian Signal
Funding rates hit 2026 highs on Binance – traders are betting on a rebound, but that's more fuel for liquidations if Bitcoin slides.
📝 My Take
Bearish until ETH reclaims $1,825. Don't catch a falling knife.
#ETH #Ethereum #Binance
NFA – DYOR 🛡️