Analysts Warn of Fresh Selling Wave as ETH Stalls Near $1.7K

On June 19, analysts flagged the risk of another selling wave as ETH continues to struggle above $1.7K. The token traded near $1,726-$1,750 after rebounding from $1,562 support, yet failed to clear the key $1,800 resistance. Whale transactions plunged 86.6% from 2,194 on June 5 to just 294, while derivatives open interest fell 11.45% to $10.4 billion. Options markets showed mixed signals with calls holding 59.62% of $6.07 billion open interest but near-term put volume edging ahead at 50.39%. Despite a bullish MACD crossover, reduced whale activity and $123 million in liquidations underscore fragile sentiment.