Ethereum Nears February Low Around $1,700 as Analysts Stay Bullish Long Term

Ethereum (ETH) has drifted toward its February low near $1,700 after a broad crypto sell-off pushed the price below $1,900. Some analysts say the current downside risk does not change their longer-term view, pointing to institutional activity and supply trends such as staking and declining exchange balances. Recent data also showed sharp deleveraging, with heavy liquidations reported on June 3.