The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Ethereum (ETH) price plunged below the critical $1,800 support level amid mounting sell pressure, as the MVRV ratio touched depths not seen since the April 2025 bottom. Warnings have emerged of a potential further slide to $1,400 due to macroeconomic headwinds. Despite the downward pressure, Ethereum open interest on Binance reached a new all-time high of 3.7 million ETH, with futures traders increasing leveraged long positions.