Ethereum Nears Seventh Monthly Loss Below $2,000 as Whales Cut Holdings and Key $1,800 Support Looms

Ethereum is close to logging a rare seventh consecutive monthly decline after dropping under the $2,000 psychological level, with only a brief and fragile move back above $2,010. On-chain data indicates that wallets holding 100,000–1,000,000 ETH have reduced balances over the last 90 days, while technical indicators show an oversold RSI near 37–43 and critical support around $1,800. If price holds above roughly $1,840 and recovers toward $2,140, analysts see room for a potential relief move toward $2,200, but continued whale distribution keeps downside risk in focus.