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Ethereum futures open interest drops 2M ETH; price stuck near $1,740-$1,800 range amid trader caution.

Technical Signals
18 Jun 2026
Blockonomi
View Source
Bearish
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Ethereum futures open interest has fallen by about 2 million ETH since late May, reflecting cautious sentiment among traders after recent market corrections. The ETH price remains confined between $1,741 and $1,806, with resistance near the 20-day EMA at $1,794. Funding rates fluctuate between positive and negative, showing no clear dominance between bulls and bears. Analysts highlight the $1,700-$1,750 support zone as critical; a break below could lead to further declines toward $1,500. Spot ETF inflows have turned slightly positive but remain modest, indicating limited investor conviction as the market awaits clearer direction amid upcoming Federal Reserve policy signals.

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