If you can't hold 1800, the space below will open up; let's wait and see.

Ethereum continues to weaken after falling below $2,000, with short-term downside pressure still dominant. Analysts say the leverage ratio is about 0.74, which is relatively high, and the funding rate remains positive. Long positions are crowded, but price recovery is weak; RSI is around 31, close to oversold but not yet rebounding. The US spot Ethereum ETF has experienced 13 consecutive days of net outflows, with a total outflow of nearly $695 million, indicating a cooling of institutional allocation demand. The $1,800 support zone has become a key observation point, with market sentiment and technical indicators leaning toward the downside.