Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Ethereum price risks falling below $2,000 amid strong selling pressure and whale distribution.

Technical Signals
16 May 2026
CryptoTicker
View Source
Bearish
pluang ai news

Ethereum is facing intense selling pressure with a high risk of dropping below $2,000 due to strong resistance and increased whale selling. The price is currently below key moving averages, indicating bearish momentum, and support at $2,161 is being tested. Large institutional holders are offloading ETH onto exchanges, increasing supply and weakening demand. To reverse the downtrend, buyers must push the price above $2,204 and ideally close above $2,400 to regain bullish momentum.

More News (ETH)

Ethereum tests key support near $2,180 amid downtrend; ETH/BTC ratio holds crucial Fibonacci level.

Ethereum tests key support near $2,180 amid downtrend; ETH/BTC ratio holds crucial Fibonacci level.

Ethereum is currently testing a critical support zone between $2,180 and $2,230 as it trades near the bottom of a descending 4-hour channel, signaling potential for a rebound if buyers step in. The ETH/BTC ratio is also holding near a major weekly Fi...

Technical Signals
Neutral
6 hours ago
BlackRock sells $317M in Bitcoin amid crypto ETF outflows and market volatility

BlackRock sells $317M in Bitcoin amid crypto ETF outflows and market volatility

BlackRock's spot Bitcoin ETF saw $317 million worth of Bitcoin sold by its clients this week, contributing to a broader $1 billion net outflow from U.S. spot Bitcoin ETFs that ended a six-week inflow streak. Despite the selling pressure, BlackRock st...

Market News
Bearish
7 hours ago
Crypto market slides as Bitcoin and altcoins fall amid weakening trading volumes

Crypto market slides as Bitcoin and altcoins fall amid weakening trading volumes

The cryptocurrency market experienced a decline with Bitcoin dropping 2.69% to $79,086 and major altcoins like Ethereum, XRP, and Solana also falling. Trading volumes across spot, stablecoin, and derivatives markets weakened significantly, signaling ...

Market News
Bearish
7 hours ago
Solana tests key $98 resistance amid institutional staking demand and macro pressures.

Solana tests key $98 resistance amid institutional staking demand and macro pressures.

Solana (SOL) is trading within a $78–$98 range, with a breakout above $98 seen as a potential trigger for higher price targets around $107 and $117. Despite a recent dip influenced by broader crypto market weakness and macroeconomic factors like risi...

Technical Signals
Neutral
8 hours ago
Investors favor Bitcoin and Ethereum as altcoins hit oversold levels amid market volatility.

Investors favor Bitcoin and Ethereum as altcoins hit oversold levels amid market volatility.

Large crypto investors are focusing their holdings on Bitcoin (83%) and Ethereum (80%) as a defensive move during ongoing market volatility. Several smaller altcoins show deeply oversold Relative Strength Index (RSI) readings, indicating potential sh...

Technical Signals
Neutral
8 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App