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Ethereum drops over 10% amid rising US Treasury yields and whale sell-offs, risking further decline to $1,500.

Market News
20 May 2026
Blockonomi
View Source
Bearish
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Ethereum has fallen more than 10% in the past week to around $2,110, underperforming other major cryptocurrencies due to rising US Treasury yields and inflation concerns. The 30-year Treasury yield hit 5.19%, the highest since 2007, prompting investors to move away from riskier assets like crypto. Ethereum saw over $700 million in long position liquidations and significant selling from mid-tier wallets and whales, who have been reducing their holdings. Technical analysis suggests further downside risk, with a key trendline broken and a potential target of $1,500 if support levels fail to hold. The market remains fragile with cautious sentiment prevailing.

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