Ethereum (ETH) has recently experienced a significant drop, reaching a 14-week low of $1,814, following the loss of critical support levels at $2,000 and $2,200. The daily relative strength index (RSI) has fallen to 25, indicating strong downside pressure and oversold conditions. Analysts are closely monitoring the $1,800 support level, with warnings that a breach could lead to further declines to around $1,600. The Entity-Adjusted UTXO Realized Price Distribution suggests that ETH may face increased selling pressure, especially if it moves into a less demanded price range between $1,800 and $1,250. Additionally, the Ethereum Coinbase Premium Index reflects weak demand from U.S. investors, with a notable discount indicating ongoing selling pressure. This is corroborated by heavy outflows from Ethereum investment products, totaling nearly $847.2 million over the past 16 days, suggesting that institutional selling could continue to impact ETH prices in the near term.