Ethereum Plunges to $1.8K as US ETF Outflows Hit $847M

- Ethereum falls to $1,814, a 14-week low, as $847.2 million exits US ETFs over sixteen straight days - Mounting outflows and weak technicals threaten the critical $1,800 support level On June 4, 2026, Cointelegraph reported that Ethereum (ETH) plunged to a 14-week low of $1,814 as persistent outflows from US spot Ethereum exchange-traded funds (ETFs) drove the decline. Over sixteen consecutive days, investors withdrew $847.2 million from US-based ETFs, and this wave of selling put key support at $1,800 under immediate pressure. The mainly US-driven selling pressure highlights deteriorating demand and reinforces the sharp decline in ETH’s price. Meanwhile, technical indicators show strong bearish momentum. The daily relative strength index (RSI) is near historic lows and signals oversold conditions, while the Coinbase Premium Index has dropped to -0.13, which reflects weaker US spot demand. In addition, persistent institutional withdrawals and sustained outflows add another layer of downward risk. Analysts emphasize that $1,800 remains a crucial support level for ETH, and they warn that if Ethereum fails to hold above this threshold, the price could fall further to $1,700 or potentially $1,200. Limited support and accumulation exist below the current range, so overall sentiment remains bearish as ongoing institutional selling and weak demand fuel outflows and price pressure. As of 06:09 UTC on the same day, Ethereum (ETH) trades at $1,784.94, with a 4.6% decrease in 24-hour trading volume, according to the latest market data.