Ether’s drop to $1,800 reflects weak technicals and onchain signals that point to continued downside risk as Ethereum ETF outflows persist.

Bitcoin price dropped 25% in 2022 and 50% in 2018 after similar on-chain loss signals, a warning sign for BTC’s next move.

Panic selling by short-term holders, combined with the RSI near record lows, suggests that BTC could be transitioning into a full capitulation regime.