Ether Trader Sentiment Falls to Lowest Level in 3 Years as Bearish Calls Mount

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Ether Trader Sentiment Falls to Lowest Level in 3 Years as Bearish Calls Mount

Ethereum trader sentiment is currently at its lowest point since the 2023 bear market, according to CryptoQuant analyst ‘Darkfost’. They’ve been tracking this by looking at the ratio of buy and sell orders on Binance, and it’s now at the same level it was in September 2023, when the price of ETH dropped to $1,600.

“This highlights how much trader sentiment toward Ethereum has deteriorated over recent weeks.”

Bearish Calls Mounting Up

The weekly ratio is now at 0.91, indicating that selling pressure is stronger than buying pressure on Binance futures. Essentially, there are far more sell orders than buy orders being placed.

Over the last five years, Ether’s price has fluctuated quite a bit, but it consistently struggles to move above the lower end of that range, even though the underlying technology appears strong. This persistent weakness is concerning.

While it’s hard to predict exactly when it will happen, if the market becomes overly focused on a single trend, it can set the stage for a sudden and unexpected reversal.

As a researcher, I noted on Wednesday that Ether (ETH) had returned to a key support and resistance level. The price action over the past month has been quite volatile, but it seems to have settled back at this important point.

He noted that the $2,800 level has been a key price point for Ethereum in recent years, and that if it falls, the price of Ether could drop below $2,000.

Ethereum (ETH) has experienced some volatile price swings recently, but it’s now returned to a key support and resistance level around $2,100.

The $2,800 price point, like the current level, has been a significant and reliable indicator for Ethereum’s performance in recent years.

Definitely an area to look at closely. A bounce & higher low here…

— Daan Crypto Trades (@DaanCrypto) May 19, 2026

Trader Kamaran Asghar notes that Ethereum is currently testing a key upward trendline for support, but indicators suggest the price is losing momentum.

The current market structure is still intact, but sellers are starting to take control. If the price of Ethereum falls below this key level, a significant drop could happen quickly.

Macro trader Rafaela Rigo continues to predict a significant drop in Ethereum’s price, telling her 164,000 followers she still expects it to fall to $800 during the current bear market. She believes a major market correction is coming.

ETH Price Outlook

Ether’s price has dropped significantly, falling 8% in the last week and reaching a six-week low of just under $2,100 on Tuesday.

Even with encouraging developments in the United States – specifically, the Senate moving forward with a bill that could end the war in Iran – there’s been no effort to capitalize on this progress or seek a resolution.

The price is currently being closely watched around the $2,000 level, which is seen as a key support area. If the price falls below $2,000, it could drop significantly, potentially revisiting the previous low of just above $1,800 from February 6th.

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2026-05-20 08:10