The price of Ethereum (ETH) has lost the critical $1,500 support level, and technical indicators suggest that a deeper correction may be possible. On-chain data shows that the ETH price has fallen below the realized price, which is historically considered a bearish signal. Spot Ethereum ETFs are exhibiting weak flows, and institutional demand is decreasing. Low open positions and negative funding rates in the ETH derivatives market are undermining investor confidence. Ethereum's network activity is lagging behind its competitors. These factors could pressure the ETH price. Share your thoughts in the comments.