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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Ethereum is facing notable downward pressure as institutional momentum wanes ahead of the US Memorial Day long weekend. According to reports, Ethereum remains vulnerable to further selling pressure as long as it stays below key resistance levels between 2,155 and 2,160 USD. Spot Ethereum ETFs have recorded net outflows totaling $504 million over nine trading sessions, reflecting a significant shift in investor risk appetite.
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Sign InThis decline coincides with institutional data showing major exits, as Harvard University liquidated its position in the BlackRock Ethereum ETF (ETHA) during the first quarter of 2026. Compared to other benchmark assets, the crypto market shows divergent performance; while Bitcoin (BTC) stabilized near vital support levels, altcoins are struggling with thinner liquidity per market data. Analysts suggest that value migration to lower zones between 2,112 and 2,140 USD is undermining chances for a swift recovery.
At the close of May 21, 2026, Ethereum settled at critical levels, with major support at 2,076 USD remaining intact for now. Looking at the economic calendar, traders are awaiting retail sales and industrial production data from China (May 18), which could impact global risk sentiment. Investors should watch the 2,160 USD resistance as the first signal of regaining bullish momentum, while a break below 2,076 USD could extend the decline toward new lows.
Update: New macro forecasts have emerged warning of a potential Ethereum price crash to levels as low as $400 to $800 per coin. Analysts suggest that such a steep decline may be a necessary prerequisite for a total market reset, allowing the asset to rediscover sustainable support and genuine demand.