Ethereum Risks Deeper Drop as $695M ETF Outflows Hit Key $1,800 Support

• ETH eyes $1,800 as crucial support after 7% slide and heavy ETF outflows
• Technical signals suggest continued selling and possible drop below $1,750

On May 29, 2026, Cointelegraph reported that Ethereum (ETH) is facing sustained downward momentum, with analysts warning that the $1,800 support level could be breached soon. ETH has lost 7% in the last three days, slipping below the $2,000 mark. Market observers highlight persistent leverage, dominant long positions, and consistent selling as factors eroding the cryptocurrency’s strength.

US spot Ethereum ETFs have registered net outflows for thirteen straight days, totaling $695 million, according to Cointelegraph. This trend signals weaker institutional interest and has increased instability for ETH, sending prices lower.

Technical indicators reinforce the bearish outlook for Ethereum. Cointelegraph noted an estimated leverage ratio holding at 0.74, while positive funding rates point to an abundance of long positions. The relative strength index (RSI) sits near oversold at 31, and Binance’s cumulative net taker volume has hit its lowest since April, showing a market dominated by aggressive sellers and lack of new buyers.

Analysts call $1,800 the last key support before sell-off risk rises sharply. A break below $1,750 could send ETH toward $1,550 or even test the 2022 low near $1,000. The risk of continued losses remains elevated, with technical levels and ETF outflows providing clear warning signals.

As of May 29, 2026, 22:08 UTC, Ethereum (ETH) trades at $2,005.67, with a -0.42% change in 24-hour trading volume, according to CoinMarketCap.