ETH still dey under downward pressure as $1.8K support dey tested amid ETF outflows

ETH downside pressure still high after the token drop lose the $2,000 psychological level. Traders dey focus whether ETH fit hold the $1,800–$1,750 support zone make e no enter deeper correction. Derivatives data still fragile. CryptoQuant analyst PelinayPA talk say estimated leverage ratio near 0.74 and funding rates don mostly positive since mid-April, mean say longs still crowded even as price dey grind lower. RSI dey about 31, but no clear rebound signal. New read-through add positioning risk: Binance cumulative net taker volume don fall to about -$744M, show say new leverage dey enter while aggressive sellers still get control—more unstable than a bullish open-interest build. Institutional demand dey weaken too. US spot Ethereum ETFs don see outflows for 13 straight sessions, about $695M total, with one-day peak near $121M. On technicals, traders dey watch $1,800 as key pivot. If breakdown confirm e go likely shift structure bearish and open downside scenarios toward $1,550 and maybe the 2022 macro low near $1,000. For long-term bullish case, $1,750 dey treated as critical support.