Analyst: Ethereum price hits $1,500, analysts warn it could drop to $1,000
Crypto界网 reports that Ethereum plummeted to $1,500 and faces the risk of dropping to $1,000, with a single-day decline of over 10% on the 6th, and a nearly 23% drop in the past week, marking the lowest point since early 2023. Bitcoin fell below $60,000, triggering widespread liquidations. Derivatives data shows a high proportion of long liquidations, and ETH open interest has decreased by nearly 30%. Sosovalue data indicates that US spot Ethereum ETFs recorded approximately $540 million in net outflows in May, with another $168 million outflow in the first week of June, and ongoing capital outflows weakening spot demand.