Sharp declines in the Ether price increased the downward pressure despite the continued use of upward leverage in the market. Analysts state that Ether, which has lost 7% of its value in the last three days, may fall to lower levels as it loses the critical $2,000 support.
Leverage Use and Market Dynamics
In the analysis conducted by KriptoQuant, it was stated that Ether’s estimated leverage ratio remained high at 0.74. In general, increased leverage and a positive funding ratio are often supported by price appreciation. However, in the current situation, despite the intense upward positions, the weakening in the Ether price is noticeable.
Analyst PelinayPA warns that “Although the leverage ratio is high and long positions are dominant, the price continues to decline and the RSI does not produce a weak recovery signal.”
Analyst Amr Taha also points out that rising leverage ratios occurred in the same period as high sales pressure. It is stated that the cumulative net buyer volume on Binance decreased to -744 million dollars; this was the lowest level since April 6, 2026.
Mini glossary: Cumulative net buyer volume is a metric that shows the net balance of total buyers and sellers on an exchange. Negative values indicate that the market is generally in a selling direction.
Decrease in Institutional Demand and ETF Outflows
Incessant outflows in US-based spot Ethereum ETFs indicate a decline in interest from large investors. According to the latest data, these ETFs have experienced a total outflow of $695 million in a row over the last thirteen days. On Thursday, net outflow reached $121 million, the highest level in two weeks.
Cointelgraph’s report emphasized that sales by large investors and the loss of Ether’s $2,000 psychological support could lead to a further decline in the price.
Critical Support Regions and Possible Scenarios
Following recent losses, traders are now eyeing the $1,800 demand zone on the downside. Analyst Suraj Jha stated that the $1,700-$1,800 range could be a “good buy point.” Crypto Patel, on the other hand, says that $3,050 must be regained in order for the technical structure to turn upward again.
According to analysts, the $1,750 level must be maintained for the Ether price to continue its rise in the long term. If the daily candle close falls below this support, first the bottom in April 2026 at $1,550 and then the macro bottom in 2022 at $1,000 may come to the fore. If this scenario occurs, the total loss at the current price could reach 47%.
| Support/Resistance Levels | Price (USD) | Possible Outcome |
|---|---|---|
| Short term support | 1,800 | The main level that buyers defend |
| Long-term main support | 1,750 | If it breaks, selling pressure may increase |
| past bottom | 1,550 | 2026 April base |
| macro bottom | 1,000 | 2022 bottom |
| Upside resistance | 3,050 | The level that must be exceeded for ascension |
Market Outlook and Levels to Watch
Market experts point out that the downward trend will continue in the short and medium term, especially as long as it remains below the $2,000 level. Buyers are expected to move aggressively to protect the $1,800 and $1,750 levels. In technical analysis, in order for the trend to turn upward again, it must first be maintained above this region.
According to analysts, both the continuation of risky positions in derivative markets and the continuation of corporate outflows stand out as the main factors that increase the current downward pressure.
