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Ethereum falls to $1,814, nearing critical $1,800 support amid heavy institutional selling.

Market News
04 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Ethereum's price dropped to $1,814, the lowest in over three months, approaching a crucial support level at $1,800. Analysts warn that falling below this threshold could lead to further declines toward $1,700 or even $1,600. Institutional investors have withdrawn about $847 million from Ethereum ETFs over 16 days, signaling waning demand, especially from U.S. buyers. Veteran holders are also selling, increasing bearish pressure, with technical indicators showing oversold conditions and potential for more downside support near $1,200 if selling continues.

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