[Analysis: Ethereum Faces Pressure at $1,800 Support Level, ETF Outflows and Rising Leverage Increase Downside Risk] Odaily Planet Daily News: Ethereum continues its weak trend after breaking below the critical $2,000 support level. Market analysts warn that short-term 'downward pressure' remains dominant, with traders focusing on the defense of the $1,800–$1,750 support range. CryptoQuant analyst PelinayPA noted that ETH's estimated leverage ratio remains relatively high at approximately 0.74, and funding rates have stayed positive since April, indicating crowded long positions, while prices continue to weaken. The RSI is around 31, nearing oversold territory but has yet to form a valid rebound signal. U.S. spot Ethereum ETFs have recorded net outflows for 13 consecutive trading days, totaling approximately $695 million, with the largest single-day outflow of about $121 million, reflecting a continued cooling of institutional allocation demand. Currently, ETH maintains a weak structure amid high leverage, crowded long positions, and ongoing ETF outflows. Short-term risks lean to the downside, making the $1,800 support a critical observation point for market sentiment and technical factors. (Cointelegraph)