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Ethereum's weekly close near $1,850 could trigger a drop to $1,000 amid ETF outflows and market pressure.

Technical Signals
29 May 2026
UToday
View Source
Bearish
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Ethereum faces a crucial weekly close at the $1,850 support level, with technical analysis suggesting a potential drop to $1,070 if this support breaks. Institutional investors continue to withdraw from Ethereum ETFs, with $121 million in outflows over thirteen days, signaling bearish sentiment. Despite this, some analysts compare the current dip to Amazon's 2001 stock collapse but remain optimistic about Ethereum's long-term growth, forecasting prices up to $4,000 by 2026 and $40,000 by 2030. The near-term price direction hinges on whether Ethereum can hold the $1,850 support level.

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