Ethereum Falls Below $2K; $695M ETF Outflows Deepen Downside Risk

• Thirteen straight days of U.S. spot ETF outflows highlight waning institutional demand
• $1,800 support becomes critical as derivatives-driven market faces aggressive sell pressure

On May 29, 2026, Cointelegraph reported that Ethereum (ETH) dropped below the $2,000 threshold, intensifying attention on the $1,800 support zone and the ongoing outflow from U.S.-based spot Ethereum ETFs. Analysts point to elevated leverage and a surge in derivatives trading as key factors destabilizing the market, with particularly aggressive selling observed on Binance.

ETH’s price action is still dominated by derivatives, not spot transactions, making it more susceptible to sudden swings. Data compiled by Cointelegraph shows U.S.-based spot Ethereum ETFs recorded thirteen consecutive days of outflows, reaching $695 million. This consistent trend signals declining institutional appetite for Ethereum exposure through these conventional investment vehicles.

The $1,800 support now stands as the pivotal level for ETH. Should this threshold fail, market analysts warn that Ethereum could see an accelerated sell-off, first moving to the $1,550 region and, if momentum persists, targeting macro support levels near $1,000.

Momentum indicators remain weak, underlining the risk of further downside. High leverage, derivatives dominance, and persistent ETF outflows continue to undermine the current market structure, leaving Ethereum vulnerable to additional sell pressure.

As of May 29, 2026, 21:08 UTC, Ethereum is trading at $2,017.02, reflecting a 0.16% change in 24-hour trading volume, according to CoinMarketCap.