Ethereum Price Structure Weakening as Traders Eye $1,800 Support

Market analysts say Ether (ETH) remains under downside pressure and must hold the $1,800–$1,750 support zone to avoid a deeper correction. Elevated leverage and positive funding rates amid falling prices point to a fragile price structure rather than a healthy rally.

CryptoQuant analyst PelinayPA highlighted an estimated leverage ratio around 0.74, funding rates mostly in positive territory since mid‑April and an RSI near 31, noting that "leverage remains elevated and long positioning is still dominant, yet price continues to struggle as the RSI reflects weakening momentum." The analyst added that, "overall this combination suggests that short term downside pressure in the ETH market still remains the dominant structure." Fellow analyst Amr Taha pointed out that new leverage entered while aggressive sellers controlled the market, citing Binance cumulative net taker volume at roughly -$744 million, the deepest negative reading since April 6, 2026.

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