If Ethereum falls below 1500, it will head towards 1300.

The current market faces triple pressures: First, the U.S. non-farm payroll data for May exceeded expectations, and the Federal Reserve's rate hike expectations have increased, leading to a sell-off of high-risk assets; second, spot ETFs continue to bleed, with Bitcoin ETFs experiencing 13 consecutive days of net outflows totaling $4.4 billion, and Ethereum ETFs are also under pressure; third, institutional actions shake market confidence, such as MicroStrategy's first sale of BTC, triggering a "faith collapse" effect.
These factors together intensify ETH's downside risk.