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Ethereum falls 32% in 2026, testing $2,000 support amid ETF outflows and macro pressures

Market News
31 May 2026
Bitcoin
View Source
Bearish
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Ethereum has dropped about 32.4% year-to-date in 2026, trading near the $2,000 support level after significant losses in early months and ongoing ETF outflows. This decline outpaces Bitcoin's roughly 15% loss and reflects a shift in investor preference amid uncertain macroeconomic conditions. Despite price drops, Ethereum's network remains strong with 33% of supply staked and $42 billion locked in DeFi. The upcoming Glamsterdam upgrade, expected by Q3 2026, aims to improve network efficiency and increase gas limits, potentially supporting a price recovery if broader market conditions improve.

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