Ether Slides to $1,814 — Faces Critical Test at $1,800
By John Nada·Jun 3, 2026·2 min read
Ether drops to $1,814, its lowest in 14 weeks, facing a critical $1,800 support test. U.S. demand remains weak, with ETFs seeing significant outflows.
Ether (ETH) plunged to $1,814 on Wednesday, marking its lowest point in over 14 weeks, sparking concerns about its ability to stabilize above crucial support levels. Analysts have flagged the $1,800 mark as a pivotal threshold, with the potential to trigger further losses to the $1,200-$1,600 range if breached, according to Cointelegraph.
Ethereum's technical structure appears fragile after losing significant support at both $2,000 and $2,200. Cointelegraph noted the daily relative strength index (RSI) for ETH dropped to 25, its weakest showing since February 6, reflecting strong downward pressure. Yet, this oversold condition might signal waning seller momentum and a possible rebound, reminiscent of the February bounce.
Market observers point out that the Coinbase Premium Index has fallen to its lowest since February, indicating weak demand from U.S. investors. A negative premium often suggests domestic selling pressure, with the current level standing at -0.13 after recovering slightly from -0.16.
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Adding fuel to the bearish fire, U.S.-based spot Ethereum ETFs have faced 16 consecutive days of outflows, shedding nearly $847.2 million, as per data from SoSoValue. This marks the longest streak of outflows since March 2025, highlighting persistent institutional selling.
The Entity-Adjusted UTXO Realized Price Distribution (URPD) metric reveals Ethereum trades above a relatively open zone between $1,800 and $1,250, pointing to low demand in this range. Should the sell-off intensify, the bottom could potentially be found at $1,200, where investors previously acquired over 1.4 million ETH.
Within this context, the heatmap of Ether’s cost-basis distribution hints at weak accumulation between $1,200 and $1,800, suggesting a possible short-term dip into the lower price zone.
Cointelegraph reported that until U.S. entities stop selling at a discount, the bearish trend may continue to dominate. With the Ethereum Coinbase Premium Index signaling weakness in U.S. demand, the pressure isn't likely to let up just yet.