Ethereum price structure ‘fainting’ as traders focus on $1.8K support
As market analysts shift their focus to support at $1,800, Ether (ETH) faces yet another “downward push” that could trigger another ETH price selloff.
Main Receptors:
High leverage and positive funding levels during Ether's falling price point to weak market conditions. Analysts say ETH needs to hold the $1,800-$1,750 support zone to avoid a deep correction.
Ether price measurements suggest that there are low side effects
Many commentators have highlighted. Reasons for ether's low download capacityAccording to CryptoQuant Analyst PelinayPA, including a higher estimated leverage ratio and a “weak price structure” amid positive liquidity.
The chart below shows that Ether's estimated utility ratio (yellow line) is relatively high at around 0.74.
Related: Ether bears are at risk of a squeeze at $2B as short positions build around $2K.
Funding volume (blue line) has remained largely in positive territory since mid-April, meaning long positions still dominate the market. Meanwhile, the RSI (purple line) is close to the oversold zone at 31 and has not yet “brought a convincing sign of recovery,” the analyst said. he said. In Friday's QuickTake analysis.
The analyst added that “use is higher and the long-term position is still dominant, but the price will continue to struggle as the RSI reflects weak activity.”
“Overall, this combination suggests that short-term bearish pressure is still the dominant structure in the ETH market.”
ETH: Funding rates and usage ratio
In normal market conditions, increasing leverage and liquidity are often supported by strong price expansion. However, in this case, the scale remains high as the price continues to record lower lows.
But the main sign is that this profit building is accompanied by heavy sell-side pressure, said Amr Taha he said. Another QuickTake note.
The chart below shows that Binance's net worth has dropped to -$744 million, its deepest negative reading since April 6, 2026.
Amr Taha added:
“This means that new leverage entered the market while aggressive sellers were still in control, making the setup more fragile than pure demand expansion.
ETH: Accumulated net leverage on Binance. Source: CryptoQuant
This implies that the market structure is driven by initial positioning rather than spatial demand, which makes the overall organization weak.
Decreasing interest is also seen in US-based Ethereum exchange-traded funds (ETFs), indicating that institutional interest is waning amid continued high outflows. These ETFs recorded thirteen consecutive days of outflows, totaling $695 million. Thursday's net outflow of $121 million was the highest in two weeks.
Spot Bitcoin Ether flows chart. Source: SoSoValue
According to Cointelegraph reportedA break below the crucial $2,000 support and an increase in whale selling indicate further downside risk for ETH price in the near term.
Ether price should hold above $1,800.
Ether's 7% decline over the past three days has seen the bear lose its crucial $2,000 support.
Traders are now looking at key levels, including the $1,800 interest zone, on the downside.
“A good buy position would be around $1,700-$1,800,” analyst Suraj Jha said. he said. In a Friday post on X, adding:
“A confirmed breakdown below this level could reverse the structure and open the continuation to the downside.”
Associate analyst Crypto Patel he said. Ether's technical structure remains “until we return $3050”.
The ETH/USD pair “needs to hold $1,750 to keep the long-term bullish case alive,” said the analyst.
“If $1,750 is broken, accumulation zone 2 is set at $1,500-$1,400, which is a big discount for long-term holders.”
ETH/USD two-day chart. Source: X/CryptoPatel
A daily candlestick could dip below $1,750. It triggers another selling segment.First to April 2026 low at $1,550 and later to 2022 macro low around $1,000As shown in the daily chart below. This brings the total loss to 47% of the current price.
ETH/USD Weekly Chart. Source: Cointelegraph/Trading view
According to Cointelegraph reportedAfter losing the psychological support at $2,000, the ETH/USD pair may drop to the $1,900-$1,750 zone, which the buyers will strongly defend.
