Ethereum (ETH) has entered a critical support zone as the cryptocurrency tumbles through its worst weekly performance since the FTX collapse, trading near $1,570 on June 7, 2026, after shedding 22.26% over the past seven days. The sharp decline reflects a confluence of macro headwinds, persistent institutional outflows, and leveraged liquidations that have overwhelmed accumulation signals from on-chain whales and staking demand.