Ethereum (ETH) Plunges Below $1,800: Critical Support Zones Under Threat

Table of Contents The second-largest cryptocurrency by market capitalization has breached the critical $1,800 threshold, plummeting to $1,714 during Thursday’s trading session. This represents the weakest price point recorded since April 2025. Currently, ETH hovers near $1,785, reflecting a steep 10% decline across the previous seven days following a retreat from weekly highs that exceeded $2,000. The extended downward trajectory has resulted in a 25% monthly loss and a staggering 31% decrease from the beginning of 2026. Trading activity over the most recent 24-hour period reached $31.2 billion, representing a 15% increase compared to the previous day. Spot Ethereum exchange-traded funds have experienced significant capital withdrawals. Data from SosoValue indicates that approximately $52 million departed from Ethereum ETFs on June 3 alone. Cumulative monthly outflows have now reached roughly $187 million. BlackRock’s ETF product dominated these withdrawals, accounting for approximately $51 million of the single-day exodus. Substantial inflows have been notably absent since the beginning of the previous month. The sharp price decline catalyzed a substantial wave of liquidations. Approximately $408 million worth of leveraged positions were forcibly closed within a 24-hour window, impacting over 25,758 traders globally. Bullish positions absorbed the majority of losses at roughly $343 million, while bearish traders experienced approximately $65 million in liquidations. Prominent cryptocurrency analyst Ali Charts shared on X that ETH has decisively broken beneath the $1,825 support threshold, stating: “Now the path to $1,600 and $1,400 is open.” The analysis emphasized how critical price floors have collapsed, exposing deeper levels to potential testing. Ethereum $ETH broke past the $1,825 support level! Now the path to $1,600 and $1,400 is open. https://t.co/9Y236xCWpM pic.twitter.com/rV4Vkw3fCo — Ali Charts (@alicharts) June 4, 2026 On-chain analytics from CryptoQuant reveal that Ethereum’s funding rate on Binance has surged to 0.0087, representing the highest reading since the beginning of 2026. This metric suggests traders continue accumulating leveraged long positions, anticipating a price reversal despite persistent bearish market conditions. Ethereum Funding Rates on Binance at Their Highest Level Since the Early '26 “Bitcoin's continued decline amid elevated funding levels could increase the likelihood of long liquidations, especially if the price fails to rebound strongly in the coming period.” – By @ArabxChain pic.twitter.com/la9ONxE5PO — CryptoQuant.com (@cryptoquant_com) June 3, 2026 From a technical perspective, ETH currently trades beneath its 100-hour moving average. The Relative Strength Index recently plunged below 15, entering deeply oversold territory, before staging a modest recovery. Critical resistance levels are positioned at $1,750 and $1,800. Should these zones continue to cap upside momentum, immediate downside targets include $1,715, followed by $1,680 and $1,650. The subsequent major support zone resides at $1,600.