<ul><li>Ether's price declined by over 4% to $2,575 on May 15, reflecting broader market downturn in the cryptocurrency market.</li><li>Decline in open interest (OI) signaling reduced trader confidence and liquidity, leading to forced liquidations and selling pressure for ETH.</li><li>Rally exhaustion and overbought conditions indicated by Relative Strength Index (RSI) above 70, facing strong resistance levels at $2,600 and $2,800.</li><li>Short-term downside target for Ether between $2,100 and $2,230, suggesting potential entry points for investors, but historical dominance levels signal major pullbacks possible.</li></ul>

Why is Ethereum (ETH) price down today?

Discover more