Ethereum slid to the $1,800 area, with the market watching whether it can hold the key support zone. Cointelegraph reported it fell as low as $1,814 on June 3, the lowest in 14 weeks. Analysts cited weakening technical structure and an RSI at 25. Traders warned a break of $1,800 could open a move below $1,700 or toward $1,600, while on-chain data showed relatively weak demand between $1,800 and $1,250.

Bitcoin slid to as low as $72,500 and strengthened short-term signals of selling pressure, as weakening spot demand coincided with excessive long positions in derivatives markets. Indicators such as the Coinbase premium index and a surge in bitcoin net inflows to Binance pointed to distribution. Derivatives market metrics, including higher funding rates and large liquidations, also turned bearish. Long-term holders still control 84.3% of supply, while spot trading activity has cooled and realized losses have fallen.