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Ethereum price drops over 5% amid weak institutional demand and bearish technical signals

Technical Signals
18 May 2026
Crypto news
View Source
Bearish
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Ethereum price fell more than 5% to around $2,100 due to rising macroeconomic uncertainty, weakening institutional demand, and increased exchange inflows. Spot ETH ETFs saw $255 million in outflows, and major market makers like Wintermute reduced their Ethereum holdings, adding sell pressure. Technically, Ethereum formed a bearish Adam and Eve pattern with a key support at $1,930; a breakdown below this could lead to further declines toward $1,600-$1,700. Investors remain cautious amid broader risk asset pressures from inflation and oil prices.

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