Ethereum Price Structure ‘Weakening’ as Traders Focus on $1.8K Support
Market analysts say Ether (ETH) still faces “downside pressure” that could trigger another ETH price sell-off as traders shift their focus to support at $1,800. Key takeaways:Ether faces downside pressure as elevated leverage and positive funding rates amid falling prices signal fragile market conditions.Analysts say ETH must hold the $1,800-$1,750 support zone to avoid a deeper correction. Ether price metrics suggest downside risks remain Analysts have highlighted several , including an elevated estimated leveraged ratio and positive funding rates amid a “weakening price structure,” according to CryptoQuant analyst PelinayPA. The chart below shows that Ethers estimated leverage ratio (yellow line) remains relatively elevated at around 0.74. The funding rate (blue line) has remained mostly in positive territory since mid-April, meaning long positions still dominate the market. Meanwhile, the RSI (purple line) is closer to the oversold zone at 31 and has not yet “produced a convincing recovery signal,” the analyst in a Friday QuickTake analysis. “Leverage remains elevated and long positioning is still dominant, yet price continues to struggle as the RSI reflects weakening momentum,” the analyst said, adding: “Overall this combination suggests that short term downside pressure in the ETH market still remains the dominant structure.” Under normal market conditions, rising leverage and increasing funding rates are








