Fundstrat Flags $1.7K as Potential Ethereum Bottom
Fundstrat Research flagged $1,700 as a potential floor for ETH on Feb. 20, noting that U.S. selling pressure has eased — a positive sign for the market — but that buying demand has not yet turned decisively positive to support a sustained rally. The call frames $1.7K as a tentative pivot rather than a confirmed reversal, reflecting a cautious optimism amid mixed order flow.
Why it matters: if buying demand fails to strengthen, ETH could retest lower support, but an increase in bids around $1.7K would give traders a clearer risk-reward setup for a recovery. Market participants should watch on-chain demand, ETF inflows and macro catalysts; using $1.7K as a risk-management reference point can help position for either a rebound or further downside if buying momentum doesn’t materialize.