Ether slides to $1,800 as options skew, ETF outflows and onchain fees hit lows

On Tuesday, Ether fell to $1,800, triggering $224 million in long liquidations over 48 hours. Derivatives data showed a 2.2x put-to-call volume premium and an 18% delta skew, while Ethereum's TVL slid to $51 billion and ETFs recorded $405 million in net outflows since Feb. 11, keeping downside risk elevated.