[Analyst: Ethereum Faces Selling Pressure Below $1,700 as Exchange Net Inflows Increase and Futures Data Weakens] According to Cointelegraph, Ethereum's exchange and derivatives data have weakened over the past month. Binance recorded a net inflow of 57,700 ETH, while open interest in futures dropped from $15 billion to $10.3 billion. Ethereum has declined by 20.51% over the past 30 days. Analyst Pelin Ay pointed out that the increase in exchange supply, lack of new participation, and a decline in futures activity have put Ethereum under selling pressure below $1,700.