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Ethereum risks dropping below $2K, potentially retesting $1,750 cycle low amid rising liquidations.

Market News
28 May 2026
FXEmpire
View Source
Bearish
pluang ai news

Ethereum (ETH) has fallen 12.6% in the past month, underperforming top tokens and recently dipping below the key $2,000 support level. This drop has triggered significant long liquidations, raising the risk of a further decline to the cycle low around $1,750. Despite this, historical patterns suggest the bearish cycle may be ending, with past RSI signals indicating a potential rebound after retesting lows. Increased selling pressure and geopolitical uncertainty contribute to current fear in the market, but regulatory clarity in the U.S. could support longer-term recovery and adoption.

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