Ethereum fell below $2,000 for the first time since March 29, triggering a wave of retail FOMO and “buy the dip” sentiment across social media.
Ethereum price has continued struggling to build momentum above the $2,000 level after repeated rejection near major resistance zones. Analysts have warned that another wave of selling could drag $ETH toward the $1,800 region if current support levels fail.
While Bitcoin’s decline triggered significant corrections in altcoins, Ethereum ($ETH) also approached the $2,000 mark. Amid growing bearish expectations for $ETH, one well-known figure announced that he had sold all his $ETH due to the lack of upward momentum.
On-chain analyst and trader Ali Martinez has named $1,850 as a critically important support level for ether. Losing this price level could push the second-largest cryptocurrency by market capitalisation first down to $1,560 and then to $1,070.
BitMine acquired 111,942 $ETH over the past week. This was announced by its head, Tom Lee. According to him, the company views Ethereum’s decline below $2,200 as an “attractive opportunity” to accumulate the asset.
Ethereum was trading at $2,104 on May 25, holding slightly above the lower trendline of its channel after a 12% pullback from early May highs. Negative sentiment, ETF outflows, and high-profile $ETH sales continue to pressure a chart that currently lacks a clear bottom below $2,078.
According to a post by blockchain analytics platform Onchain Lens, a wallet allegedly linked to the Ethereum treasury management company withdrew 60,000 Ethereum, worth approximately $126 million, from BitGo and cryptocurrency exchange Kraken.
This week, exchange-traded funds investing in spot Bitcoin through ETFs in the United States experienced strong capital outflows. The total net outflow from these funds amounted to approximately $1.26 billion, marking the largest weekly outflow since the end of January. In addition, net outflows were recorded for the sixth consecutive trading day.
On Wednesday, cryptocurrency exchange-traded fund (ETF) markets remained under pressure, with Bitcoin funds extending their losing streak to four consecutive sessions, while Ethereum ETFs recorded outflows for an eighth straight day.
Ethereum is trading at $2,129 on May 20, holding slightly above wedge support at $2,100 as 60 whale addresses exited the network over the past two months, while Binance futures sentiment has reached its most bearish level since the 2023 bear market.
Public corporation Bitmine Immersion Technologies reported on the structure of its treasury reserves. According to the company’s report, it purchased another 71,672 $ETH over the past week. The combined value of the organization’s cryptocurrency holdings, cash reserves, and venture investments reached $12.6 billion.
Ethereum traders are becoming increasingly bearish amid a price decline of more than 9% over the past week. It is worth noting that prediction platform Polymarket now shows a 56% probability that Ethereum will fall below $2,000 before the end of the month.
Italy’s largest bank, Intesa Sanpaolo, significantly increased its cryptocurrency-related holdings during the first quarter of 2026. According to the released data, the bank expanded its crypto-related assets from approximately $100 million in the fourth quarter of 2025 to around $235 million as of March 31.
Spot Bitcoin (BTC) exchange-traded funds recorded $1 billion in net outflows, bringing an end to a six-week inflow streak totaling $3.4 billion. Trading opened cautiously: on May 11, inflows reached $27.29 million, according to SoSoValue data. However, the situation changed sharply on May 12, when investors withdrew $233.25 million. Selling pressure intensified on May 13, with outflows reaching $635.23 million — the highest level during the five-day period.
Ethereum is trading at $2,256 on 15 May, down 5.5% over the past three days, while Santiment reports $74.58 million in realised profits from wallets that accumulated below $2,000 during February lows and are now distributing holdings into the decline while they still can.
Data from May 15 regarding U.S. spot cryptocurrency ETFs showed that investor interest remains primarily focused on Bitcoin, while funds investing in Ethereum continue to face persistent outflow pressure. According to SoSoValue, spot Bitcoin ETFs recorded a net inflow of $131 million yesterday, while spot Ethereum ETFs experienced net outflows for the fourth consecutive trading day.
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