Analysis: Ethereum is under pressure at the $1,800 support level, with ETF outflows and increased leverage amplifying downside risk.

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Mars Finance News: Ethereum continues its weak trend after breaking below the key support level of $2,000. Market analysts warn that short-term "downward pressure" still dominates, and traders are focusing on the defense of the $1,800–$1,750 support zone. CryptoQuant analyst PelinayPA pointed out that ETH's estimated leverage ratio remains relatively high at around 0.74, and funding rates have been positive since April, indicating crowded longs, but prices continue to weaken; RSI is about 31, approaching oversold levels but has not yet shown a clear rebound signal. The US spot Ethereum ETF has recorded net outflows for 13 consecutive trading days, totaling approximately $695 million, with the largest single-day outflow around $121 million, reflecting a continued cooling of institutional allocation demand. Currently, ETH maintains a weak structure amid high leverage, crowded longs, and ongoing ETF outflows, with short-term risks skewed downward. The $1,800 support level has become a key point of focus for market sentiment and technical analysis.
ETH-0.41%
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RollupStreetKid
· 4h ago
Waiting for a panic dip to buy again, now that my hands are itchy I have to hold back
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CyberBridgeShadow
· 4h ago
Long squeeze + positive fee rate + falling prices, a classic script of many traders getting liquidated
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ZenOfZK
· 4h ago
695 million in outflows is not a small amount; smart money has already pulled out.
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MarginMoth
· 4h ago
If you can't hold 1800, it's really over.
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