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Ethereum shows bearish signals with falling prices and high leverage, risking a drop below $1,850.

Technical Signals
29 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Ethereum has been forming lower highs since mid-May, with declining trading volume indicating weakening buyer interest. Despite falling prices, leverage remains high and long positions dominate, suggesting speculative trading rather than strong demand. The Relative Strength Index (RSI) nears oversold levels, reinforcing bearish momentum. Analysts warn that a weekly close below $1,850 could trigger a further decline toward $1,560 or even $1,070, signaling increased downside risk in the near term.

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