Ethereum price drops to $1.8K as data suggests ETH bears are not done yet

💡 DMK Insight

Ether’s recent dip to $1,800 isn’t just a number—it’s a signal of deeper issues. Weak technical indicators combined with ongoing ETF outflows suggest that traders should brace for further declines. The $1,800 level is crucial; if it breaks, we could see a cascade effect pushing prices even lower. Look at the on-chain metrics—high transaction volume but declining active addresses indicate waning interest, which could exacerbate the sell-off. Here’s the flip side: if Ethereum can hold above $1,800 and reverse this trend, it might attract buyers looking for a bargain. But until we see a solid recovery, the bearish sentiment will likely dominate. Keep an eye on the $1,750 support level; a breach there could trigger panic selling. Watch for any shifts in ETF inflows as they could provide clues about institutional sentiment and potential reversals.