Ethereum hits 14-week low as traders defend crucial $1.8K support.
Ether (ETH) fell to $1,814 on Wednesday, a 14-week low, raising concerns about whether the ETH/USD pair can stabilize above key liquidation zones near multi-year lows near $1,800.
ETH/USD 1-Hour Chart. Source: Cointelegraph/Trading view
Main Receptors:
Ether fell to a 14-week low of $1,800, as traders warned that the breakdown could lead to deeper losses to $1,200-$1,600. The Coinbase Premium index hit its lowest level since February, showing continued weakness in US spot demand. Spot Ethereum ETFs have entered sixteen consecutive days of outflows.
Ether sits at $1,800 with weak support
Ether's technical structure weakened after losing support at $2,000 and $2,200. Note that all major moving averages are located in this zone on the daily chart.
Today, ETH is down at $1,814 on Bitstamp, the daily Relative Strength Index (RSI) has dropped to 25, the lowest level since February 6, highlighting strong negative pressure and oversold conditions.
Related: Bitmine buys 52M ETH Tom Lee says the price has yet to show Ethereum's strength.
However, this means that the sellers are losing momentum, suggesting that prices may bounce back from current levels, similar to the 39% rebound seen in February.
ETH/USD Daily Chart. Source: Cointelegraph/Trading view
Traders say that the Ether bullishness is hanging on the ETH/USD pair Holding above the crucial $1,800 support.
“$ETH is close to touching the $1,800 level today” Analyst Ted Tash he said. In X's post on Wednesday, he added:
“This is the last support zone for Ethereum before new lows.”
The accompanying chart shows that a break below $1,800 will bring areas below $1,700 into the picture.
ETH/USD Daily Chart. Source: X/Ted Pillows
Additionally, co-analyst CrypDoMillions he said. A loss of $1,800 would drop the price of ETH to $1,600.
ETH/USD Daily Chart. Source: X/CrypDoMillions
Not all traders were confident in Ether's ability to stay above $1,800, analyst BitFrog He is saying. Adding “$ETH is on life support” at current levels:
“Bulls better wake up soon. $1,800 looks shaky.”
The UTXO Realized Price Distribution (URPD) metric, regulated by the entity, shows at what prices the current batch of ETH UTXOs have been generated. It shows ETH is trading between $1,800 and $1,250 in a relatively open zone with little demand.
This means that if the sell-off continues, ETH could move further into this region, with the downside likely to be held at $1,200. This gives investors more than 1.4 million ETH.
ETH: URPD fixed by entity Source: Glassnode
Meanwhile, a heat map of ether cost-based distribution It shows A weak stock between $1,200 and $1,800 suggests a path to the lower zone in the short term.
Ether Coinbase premium drops to February levels
The Ethereum Coinbase Premium index, which tracks the price difference between ETH between Coinbase and Binance, fell to -0.16 on May 28, before rebounding to -0.13.
A very negative premium confirms that the sales pressure is coming from US components. The last time the scale was this negative was in early February, when the price of ETH fell to a multi-year low of $1,750.
Historically, extremely negative premiums often coincide with capital levels, as seen during the April 2025 and 2022 bear markets.
This suggests that the bears will remain in control as long as U.S. investors sell at a discount relative to global markets.
Ethereum Coinbase Premium Index. Source: CryptoQuant
“Coinbase Premium falls to a steep discount, reflecting weakness in spot demand.” he said. Tuesday on the X-Post.
“ETH Coinbase Premium Hits Lowest Level Since February” Analyst Inoms he said. In Monday's X post, adding:
“The message is clear: American interest remains weak.
Weak American demand is also evidenced by Heavy external flows From US-based spot Ethereum exchange-traded funds (ETFs). These ETFs have posted sixteen consecutive days of outflows, the longest losing streak since March 2025.
During this period, investors have withdrawn about $847.2 million from these investment products, according to Soso Value data.
Spot Ethereum ETFs Flowchart. Source: SoSoValue
Combined with more. 257.3 million dollars went out From the global Ethereum investment products last week, this points to institutional selling, which will continue to put pressure on the price in the near future.
