Ethereum Slides to Near $2,000 as Analysts Flag $2K Risk and Whale Reaccumulates

Ethereum (ETH) fell to just above $2,000 on May 23, 2026, marking its lowest level in almost two months and a 17% drop from its monthly high of $2,425. Analysts pointed to $2,050 giving way and warned that losing the $2,000 psychological level could lead to fresh lows, while CoinGlass data showed over $250 million in ETH long liquidations. Separately, Lookonchain reported an OG whale resumed buying, accumulating over $8 million worth of ETH around $2,050 after previously selling above $2,850.