Ethereum Price Plummets Amid Fears of Major Decline

The Ethereum (ETH) market has been experiencing a downturn, with analysts warning of potential losses for investors. According to on-chain analytics firm CryptoQuant, Ethereum experienced a bearish breakdown on May 20, 2026, when it traded below a crucial triangle formation that had been providing support for the asset's price in recent weeks.

This bearish breakdown indicates weakening buying pressure and strengthening selling pressure, which could lead to further sell-offs. The firm also warns of potential losses towards the $1,350 support level if Ethereum fails to break above its broken resistance level.