ETH plunges 0.68% in 15 minutes: ETF fund outflows and the breakdown of the $2,000 support trigger short-term selling pressure
From 18:45 to 19:00 (UTC) on May 29, 2026, ETH saw a sharp drop of 0.68% within 15 minutes. The price fell from 2,025.36 USDT to 2,006.15 USDT, with a swing of 0.95%. The overall market is in a correction cycle. Earlier that day, ETH had already broken below the $2,000 key support level and was barely holding above the whole-number mark. The main driver behind this move is continued outflows of institutional capital combined with a breakdown of technical support. On May 28, ETH ETFs recorded app