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Ethereum nears $1,800 support amid heavy ETF outflows and high leverage risks.

Market News
29 May 2026
Crypto news
View Source
Bearish
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Ethereum's price has fallen below the key $2,000 level and is now testing support near $1,800 amid rising risks from heavy leverage and continuous outflows from U.S. spot Ethereum ETFs, which have seen 13 consecutive days of net withdrawals totaling about $695 million. Despite weakening prices, derivatives data show elevated leverage and positive funding rates, indicating crowded long positions that could trigger forced liquidations if the price drops further. This $1,800 level is seen as a critical support and sentiment pivot; a break below it could accelerate downside pressure, especially given the current bearish technical signals and ongoing institutional demand cooling. Traders are closely watching whether Ethereum can hold this support to avoid a cascade of liquidations and further price declines.

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