Ethereum price is facing serious challenges, encountering a technical breakdown and increased institutional selling. Investors are becoming more cautious amid geopolitical tensions.
Technical Level Issues
Analyst BlockchainBaller points out Ethereum's official breakdown from its rising channel, which eliminates the previous bullish setup. The drop in the Relative Strength Index below 36 suggests oversold conditions and strengthening bearish momentum.
ETF Outflows and Institutional Selling
On June 20, 2025, US spot Ethereum ETFs experienced their largest single-day outflow of $11.3 million. The BlackRock ETHA ETF led with $19.7 million in outflows. This outflow indicates that institutional investors are reassessing their Ethereum positions amid current market conditions.
Future of Ethereum and Support Levels
Analysis indicates that Ethereum futures positioning trends suggest continued vulnerability below major $2,000 support levels. Current open interest levels in futures show high leverage, which could increase volatility in either direction.
Under current circumstances, Ethereum faces significant challenges, including price declines and institutional selling. The support at $2000 may be at risk in the near future.
