Ethereum analysts say ‘downside pressure’ remains as $1.8K becomes key
Ether faces continued downside pressure after losing the key $2,000 support, with traders now focused on the $1,800–$1,750 demand zone. On-chain and derivatives data point to a fragile setup: Ether’s estimated leverage ratio remains elevated, funding rates have stayed mostly positive, and RSI is near oversold without a clear recovery signal. Analysts say this means long positioning is still dominant even as momentum weakens. Selling pressure is also visible in Binance taker flow, which has fallen to its deepest negative reading since early April, suggesting aggressive sellers are still in control. Spot demand looks weak too, with U.S. Ether ETFs logging 13 straight days of outflows totaling $695 million. If ETH breaks below $1,750, analysts see risk of a deeper sell-off toward $1,550 and possibly the $1,000 macro low.
