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<a href="https://jpygbp.com/eth-usd/">Ethereum</a> price toward $1,800 as leverage and ETF outflows tighten the noose

Ethereum is currently finding support around $1,800, but its price could fall further. Increased borrowing, many investors betting on price increases, and continued selling of U.S.-based Ethereum ETFs are all contributing to these potential downsides for the cryptocurrency.

Summary

  • ETH broke below the key $2,000 level with sell pressure now concentrated around $1,800–$1,750
  • U.S. spot ETH ETFs have seen 13 straight days of net outflows totaling about $695 million
  • Derivatives data show elevated leverage and positive funding despite a weakening price structure

Ethereum’s price continues to fall after dropping below $2,000, and traders are now watching to see if it can hold steady around the $1,800–$1,750 level.

etherium

— banteg (@banteg) May 28, 2026

CryptoQuant analyst PelinayPA points out that Ethereum currently has a high leverage ratio of around 0.74, and traders have been consistently betting on rising prices (positive funding rates) since April. This suggests many traders are already ‘long’ on Ethereum, even as the price slowly decreases.

Our analysis also reveals Ethereum’s Relative Strength Index is around 31, suggesting the price may be nearing oversold levels. However, there’s no clear sign of a price recovery yet, which means the price could fall further if a wave of forced selling starts.

U.S. Ethereum ETFs have seen investors pull out money for the past 13 trading days, totaling around $695 million. Redemptions peaked at about $121 million on a single day, suggesting that institutional demand is weakening.

ETF outflows and derivatives pressure converge

Bitcoin is facing increasing pressure around the $1,800 price point, following weeks of indicators suggesting a downward trend in both current prices and future contracts. A recent analysis by crypto.news noted that Ethereum had already fallen below a key upward trendline, and that a bearish MACD signal, combined with a failure to maintain support around $2,080, could lead to a quick drop towards $1,800.

A recent report indicated that if the price of Ethereum (ETH) fell below approximately $2,044, over $1.7 billion in leveraged long positions could be liquidated. The price has now fallen below that level, currently approaching $1,800. Simultaneously, data from CryptoSlate shows that Bitcoin and Ethereum ETFs have experienced nearly $2.7 billion in net outflows over the last two weeks, with investors shifting funds into alternative cryptocurrencies like Solana, XRP, and Hyperliquid’s HYPE token.

Key support at $1,800 becomes sentiment pivot

Considering the current market conditions, ChainCatcher highlights that the risks are leaning towards negative outcomes in the short term. They believe Ethereum’s structure is currently fragile due to high borrowing, many investors betting on price increases, and money leaving Ethereum ETFs. As a result, the $1,800 price level is a crucial point to watch, as it will indicate how investors are feeling and what the technical analysis suggests.

This statement aligns with previous reporting from crypto.news, which noted that traders had been working to keep the price of Bitcoin above $1,800 for over a month. They cautioned that falling below this level could lead to further price drops, especially given the current uncertain economic conditions.

Recent reports on crypto.news highlighted that Ethereum is still struggling to break through the $2,500 resistance level. A weekly close below $1,850 could lead to increased price swings and potentially lower prices. As of the latest report, Ethereum was trading around $2,019. However, its price movement isn’t driven by typical buying interest, but rather by outflows from ETFs and a derivatives market where traders remain overly optimistic despite the declining price.

Right now, traders are asking a straightforward question: can Ethereum handle more money leaving through ETFs and stay above $1,800 without causing a large sell-off, which data suggests is likely to happen?

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2026-05-29 18:30