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Ethereum price found support near $1,922 and recovered some losses. ETH is now consolidating and faces key hurdles near $2,000. Ethereum is attempting a fresh recovery wave above $1,960. The price is trading below $1,985 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,000 zone. Ethereum Price Revisits Support Ethereum price failed to stay above $2,000 and started a fresh decline, like Bitcoin. ETH price traded below the $1,960 and $1,950 levels to enter a bearish zone. Finally, the bulls appeared near $1,920. A low was formed at $1,922, and the price started a recovery wave. There was a move above the $1,950 resistance. The price surpassed the 38.2% Fib retracement level of the downward move from the $2,038 swing high to the $1,922 low. Ethereum price is now trading below $1,980 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,925, the price could attempt another increase. Immediate resistance is seen near the $1,980 level. The first key resistance is near the $2,000 level or the 61.8% Fib retracement level of the downward move from the $2,038 swing high to the $1,922 low. There is also a bearish trend line forming with resistance at $2,000 on the hourly chart of ETH/USD. The next major resistance is near the $2,020 level. A clear move above the $2,020 resistance might send the price toward the $2,050 resistance. An upside break above the $2,050 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,000 resistance, it could start a fresh decline. Initial support on the downside is near the $1,935 level. The first major support sits near the $1,925 zone. A clear move below the $1,925 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,840 region. The main support could be $1,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 zone. Major Support Level – $1,920 Major Resistance Level – $2,000

Ethereum (ETH) is back on the knife’s edge, and market analyst Crypto Patel has suggested that there may be no room left for optimism if the next key level gives way. According to the analyst, the Ethereum price is hovering at a critical decision point beneath $2,000 after recording multiple price declines. However, a breakdown below $1,800 could trigger a massive crash.    Ethereum Records Multiple Failed Bullish Structures  In an X post this Monday, Crypto Patel admitted that Ethereum had broken his heart twice, pointing to two failed bullish structures that have now reshaped its broader outlook. The first dagger, as the analyst calls it, came when a clean Bull Flag formation emerged, and price broke down from the $3,700 region.  Related Reading: This Ethereum Hidden Bull Divergence Says Price Will Rise Over 100% To Break $4,900 ATH On the chart, that breakdown marked the end of a multi-month climb that had pushed the ETH price toward the $4,700 to $4,900 area in late summer 2025 before rolling over under a descending trendline that capped every rally attempt.  The second dagger followed months later as an ascending triangle structure collapsed at the critical $3,000 support zone. What had looked like a tightening consolidation beneath horizontal resistance instead turned into a decisive breakdown. The former support zone around $3,100 to $3,500 flipped into resistance, marked by repeated rejection wicks and lower highs pressing against the descending purple trendline on the chart.   Based on Crypto Patel’s analysis, that failure led to a sharp drop below $2,000. Consequently, Ethereum is now trading between $2,000 and $1,850, a range the analyst describes as the last buffer before a much deeper pullback.  $1,800 Emerges As ETH’s Critical Support  On the daily timeframe, Crypto Patel’s chart shows ETH recently printing around $1,982 after a sharp sell-off that sliced through its previous structure. Although the cryptocurrency has recovered slightly above $1,990, the previous decline had driven its price down from roughly $3,100 in early 2026 to sub-$2,000 levels in a matter of weeks. This left a visible imbalance zone between $2,400 and $2,600, which the analyst marks as a potential Fair Value Gap (FVG). Related Reading: Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says For now, all attention is on $1,800. Crypto Patel has predicted that if Ethereum holds this critical support, a relief bounce toward $2,650 becomes the immediate upside target, likely filling part of that imbalance zone and retesting former breakdown areas.   On the flip side, if $1,800 fails, a broader market panic may become justified. According to Crypto Patel, a decisive break below this support could open the path toward $1,300, marked by the lower green demand block on the chart. He has also labeled this region as strong support and the best accumulation zone, where buyers could step in aggressively. Featured image from iStock, chart from Tradingview.com

Ethereum price found support near $1,920 and recovered some losses. ETH is now consolidating and faces key hurdles near $2,020. Ethereum is attempting a fresh recovery wave above $1,965. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1,955 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,020 zone. Ethereum Price Holds Support Ethereum price failed to stay above $2,020 and started a fresh decline, like Bitcoin. ETH price traded below the $1,965 and $1,950 levels to enter a bearish zone. Finally, the bulls appeared near $1,925. A low was formed at $1,928, and the price started a recovery wave. There was a move above the $1,965 resistance. The price even tested the 50% Fib retracement level of the downward move from the $2,100 swing high to the $1,928 low. Ethereum price is now trading below $2,000 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $1,955 on the hourly chart of ETH/USD. If the bulls remain in action above $1,955, the price could attempt another increase. Immediate resistance is seen near the $2,015 level. The first key resistance is near the $2,035 level or the 61.8% Fib retracement level of the downward move from the $2,100 swing high to the $1,928 low. The next major resistance is near the $2,060 level. A clear move above the $2,060 resistance might send the price toward the $2,100 resistance. An upside break above the $2,100 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,150 resistance zone or even $2,185 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,015 resistance, it could start a fresh decline. Initial support on the downside is near the $1,965 level. The first major support sits near the $1,955 zone or the trend line. A clear move below the $1,955 support might push the price toward the $1,920 support. Any more losses might send the price toward the $1,880 region. The main support could be $1,825. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,920 Major Resistance Level – $2,015

Ethereum is attempting to rebound after recent selling pressure, but the recovery so far lacks the strength needed to confirm a lasting bottom. With momentum appearing corrective rather than impulsive and key resistance levels still intact, downside risk remains on the table unless buyers can deliver a decisive structural shift. No Impulsive Break, No Bullish Confirmation According to a recent Ethereum update by More Crypto Online, the downside scenario remains valid unless price delivers a clear impulsive five-wave advance or decisively breaks above the weekend high. The bounce from last week’s low currently appears corrective rather than impulsive.  Related Reading: Ethereum Price Recovery Runs Into A Wall, Decline Risk Returns Momentum has been limited, and the structure does not yet suggest that a sustainable bottom has formed. So far, there is no clear technical evidence that a durable reversal is underway. However, Ethereum is trading within a technically significant zone. Following the recent liquidation flush, markets have become more reactive, making it important to stay alert for potential reversal signals that could shift the short-term outlook. For now, confirmation is still lacking. Until a stronger structural shift appears, close monitoring of the lower-timeframe micro structure remains essential to determine whether Ethereum builds strength or resumes its downward trajectory. Ethereum Attempts Recovery After Sunday Selloff Ethereum is attempting to stabilize after the sharp Sunday selloff, showing early signs of recovery. In his latest analysis, Lennaert Snyder noted that, similar to Bitcoin, ETH printed relatively weak weekend extremes around $1,929 on the low and $2,107 on the high. These levels now serve as key liquidity reference points for the week ahead. Related Reading: Ethereum Whale Selloff Continues As Supply Share Drops Under 75% Snyder’s broader plan anticipates a push toward higher prices, but he prefers to see nearby liquidity pools mitigated before considering quality long positions. With the higher-timeframe trend still pointing downward, short setups remain valid if the right structure presents itself.  For long entries, he wants to see a sweep of the $1,946 and/or $1,929 lows, as both represent weak pivots, ideally including a full sweep of the weekend low. Such a move could provide the liquidity grab needed for a high-probability reversal back toward the weekend high. However, if price rallies directly from current levels and leaves those lows untouched, he would instead look for short opportunities following a market structure break (MSB) near the $2,107 high. Additionally, H1 liquidity sits around $2,015, offering potential scalp setups depending on whether the price gains acceptance above it or rejects it sharply. Longs would be considered on a clean reclaim, while failure after a sweep could favor shorts. With it being a bank holiday, no trades are being placed today, and the outlined plan remains intact unless price action invalidates it. Featured image from Pixabay, chart from Tradingview.com

Crypto analyst Javon Marks has revealed how Ethereum could recover and possibly break above its current all-time high (ATH) of $4,900. This came as he highlighted a bullish pattern that the altcoin was still maintaining despite the current crypto market downtrend. Ethereum Eyes Rally To ATH Amid Hidden Bull Divergence Pattern  In an X post, Javon Mark noted that Ethereum is maintaining a larger Hidden Bull Divergence Pattern. Based on this, he declared that, with a full response, ETH could rally over 140% and even break its current all-time high of $4,900. His accompanying chart showed that the altcoin could rally to $5,000 by mid-year.  Related Reading: Can Ethereum Price Still Hit $7,600 In 2026? Here Are The Odds His prediction comes as Ethereum continues to struggle below the psychological $2,000 level. Despite this, Marks assured that there is still a strong possibility of a larger bull reversal in the works, as ETH has recently shown a positive response to the Regular Bullish Divergence pattern. The analyst has also predicted that the altcoin could still reach $8,500 as part of the broader macro picture.  Amid this bullish prediction for Ethereum, it is worth noting that Wall Street giant Standard Chartered has lowered its year-end target for ETH from $7,000 to $4,000, indicating that there is also the possibility that the altcoin won’t reach a new ATH this year. The bank also predicted that ETH could still drop to as low as $1,300 before it recovers.  Standard Chartered cited the decline in institutional demand as the major reason for lowering its Ethereum price target. Like the Bitcoin ETFs, the ETH ETFs have continued to record significant net outflows. SoSo Value data shows that these funds are currently on course to record their fourth consecutive month of net outflows.  How ETH Could Still Drop To As Low As $1,136 In an X post, crypto analyst Trader Tardigrade warned that a Bearish Pennant was forming, which could send Ethereum to as low as $1,136. The analyst noted that ETH is consolidating inside converging trendlines after the initial drop and that the pattern suggests continuation downward.  Related Reading: Ethereum Whales Are Not Dead: The $400 Million Move That Shows What’s Going On Trader Tardigrade further warned that a drop below the current range could trigger a sharp move down, sending ETH to the breakdown target of $1,136. However, the analyst appears to remain bullish on the altcoin in the long term. He had earlier stated that ETH was repeating a similar pattern from previous cycles in which a breakdown follows a consolidation before a recovery. This time, he predicts that Ethereum could rally to as high as $7,000 once it begins to recover.  At the time of writing, the Ethereum price is trading at around $1,968, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com

Ethereum price found support near $1,928 and recovered some losses. ETH is now consolidating and faces key hurdles near $2,020. Ethereum is attempting a fresh recovery wave above $1,950. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,020 zone. Ethereum Price Faces Resistance Ethereum price failed to stay above $2,000 and started a fresh decline, like Bitcoin. ETH price traded below the $1,950 and $1,940 levels to enter a bearish zone. Finally, the bulls appeared near $1,925. A low was formed at $1,928, and the price started a recovery wave. There was a move above the $1,950 resistance. The price even spiked above the 38.2% Fib retracement level of the downward move from the $2,101 swing high to the $1,928 low. Ethereum price is now trading below $2,020 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,950, the price could attempt another increase. Immediate resistance is seen near the $2,020 level or the 50% Fib retracement level of the downward move from the $2,101 swing high to the $1,928 low. The first key resistance is near the $2,035 level. The next major resistance is near the $2,060 level. A clear move above the $2,060 resistance might send the price toward the $2,120 resistance. An upside break above the $2,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,150 resistance zone or even $2,185 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,020 resistance, it could start a fresh decline. Initial support on the downside is near the $1,970 level. The first major support sits near the $1,940 zone or the trend line. A clear move below the $1,940 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,820 region. The main support could be $1,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,940 Major Resistance Level – $2,020

The British financial giant Standard Chartered sharply reduced its price outlook for XRP, the fourth-largest cryptocurrency. The company trimmed its end-of-2026 target by 65% following the severe downturn in the broader crypto market in the past month. The revision comes even as the altcoin posted a modest 2% rebound over the past week, trading around $1.47 per token at the time of writing. Despite that short-term recovery, the bank’s digital assets team now believes the token is unlikely to reach a new all-time high this year. New XRP Price Prediction The updated forecast was first reported on Monday by DL News, with Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, outlining the changes in a note to investors.  Related Reading: Can XRP Hold Above $1? Token Tumbles 11% as Breakdown Fuels Crash Concerns Kendrick, who leads the bank’s crypto research efforts, acknowledged that recent market conditions have forced a broad reassessment of price expectations across the sector. “Recent price action for digital assets has been challenging, to say the least,” Kendrick wrote. “We expect further declines near-term, and we lower our forecasts across the asset class.” Under the revised outlook, Standard Chartered now expects XRP to reach $2.80 by the end of 2026, a substantial cut from its previous $8 projection. The earlier target had been issued in December, when the bank took a far more optimistic stance.  At that time, Kendrick pointed to increasing regulatory clarity surrounding XRP’s status as a financial asset, along with progress toward exchange-traded fund (ETF) products, as key catalysts that could drive significant price appreciation. Broad Forecast Cuts Across Major Tokens The $8 forecast was made roughly two and a half months after the sharp market crash on October 10, when sentiment had begun to stabilize.  However, as February draws to a close, the broader crypto market has yet to mount a sustained recovery. That prolonged weakness has prompted Standard Chartered to reassess not only XRP but the wider digital asset landscape. Related Reading: Bitcoin Should Be Flying—Instead, Quantum Risk Keeps It Grounded: Analyst Bitcoin’s (BTC) expected price has been reduced from $150,000 to $100,000. Ethereum’s (ETH) forecast has been revised down from $7,000 to $4,000, while Solana’s (SOL) target has been cut from $250 to $135. Featured image from OpenArt, chart from TradingView.com 

Ethereum continues to struggle under persistent selling pressure, with price action reflecting a fragile market environment and cautious investor sentiment. Since peaking in October, Ethereum has lost more than 60% of its value, marking one of the sharpest corrective phases of the current cycle. Analysts increasingly warn that downside risks remain elevated, particularly if broader crypto liquidity conditions fail to stabilize in the near term. Related Reading: Liquidity Or Liability? History’s Hard Lessons For The XRP Momentum Play Despite the negative price performance, on-chain data suggests a more nuanced underlying dynamic. A recent CryptoQuant report indicates that Ethereum whales are currently holding positions at a loss, with the magnitude of those unrealized losses comparable to levels historically seen near previous market bottoms. This pattern often emerges late in corrective cycles, when large holders continue accumulating rather than distributing. Notably, the report highlights that many of these large investors have not had meaningful opportunities to realize profits during this cycle, as they maintained accumulation strategies even through volatility. Such behavior can signal long-term conviction, although it does not guarantee an imminent reversal. Whale Positioning Signals Potential Bottom Formation The report argues that current on-chain positioning among large Ethereum holders may indicate that the market is approaching a cyclical bottom. According to the analysis, whales are currently sitting on losses comparable to those observed near previous market lows, a condition that historically coincided with late-stage corrective phases rather than early declines. This positioning suggests that the present price range could represent a structural floor, although confirmation typically requires stabilization in both price and liquidity conditions. One notable aspect is that these large holders now control some of the largest aggregate ETH balances on record. Despite this accumulation, they have not had significant opportunities to realize profits during the current cycle, largely because prices reversed before extended distribution phases could occur. This absence of profit-taking contrasts with prior bull cycles, where whales gradually reduced exposure near peaks. The report interprets continued accumulation under these conditions as preparation for a potential future rally rather than defensive repositioning. Large holders appear to be building exposure with a longer investment horizon, anticipating improved macro liquidity and renewed market momentum. However, while such behavior can precede recoveries, it does not eliminate downside risk. Confirmation typically requires stronger demand, improved sentiment, and sustained price stability. Related Reading: Ethereum Derivatives Reset Raises Questions About Next Price Move: What Happens Next? Ethereum Tests Critical Long-Term Support Zone Ethereum’s weekly chart shows sustained downside pressure following the sharp rejection from the late-2025 highs near the $4,800 region. Price has now retraced toward the $2,000 psychological level, an area that historically acted as both resistance and support across multiple cycles. The recent breakdown below shorter-term moving averages confirms a loss of bullish momentum and suggests that sellers remain in control in the medium term. The clustering of major moving averages above the current price reinforces this bearish structure. The faster trend averages have rolled over decisively, while the longer-term baseline continues to flatten, indicating weakening trend strength rather than outright capitulation. This configuration typically reflects late corrective phases, where volatility rises but directional conviction remains fragile. Related Reading: Bitcoin BCMI Drops Toward Bear Market Territory: How Close Is BTC To A Real Buy Zone? Volume dynamics add nuance. Elevated selling volume during the latest decline signals active distribution rather than passive drift. However, the absence of extreme capitulation spikes suggests that a full market flush may not yet have occurred. From a structural perspective, holding above the $1,800–$2,000 corridor would help stabilize sentiment and potentially form a consolidation base. A sustained breakdown below this region could expose deeper historical support zones closer to prior cycle accumulation ranges. Conversely, reclaiming the key moving averages would be required before any credible trend reversal narrative emerges. Featured image from ChatGPT, chart from TradingView.com 

Ethereum continues to struggle to reclaim the $2,000 level as persistent selling pressure and elevated volatility weigh on market sentiment. Repeated attempts to push higher have met resistance, reflecting cautious positioning among traders and broader uncertainty across the crypto market. While fluctuations around key psychological levels are common during corrective phases, the current environment suggests ongoing fragility, with liquidity conditions and derivatives positioning playing a growing role in short-term price dynamics. Related Reading: Liquidity Or Liability? History’s Hard Lessons For The XRP Momentum Play Adding to the pressure, recent on-chain data from Arkham indicates that a major market participant — commonly referred to as the Hyperunit whale — has reportedly sold roughly half a billion dollars worth of ETH. Large transactions of this magnitude tend to attract significant market attention, as they can influence liquidity conditions, sentiment, and short-term volatility, even when not directly triggering sustained price declines. Such movements do not automatically signal a broader market reversal, but they often reflect strategic repositioning by large holders amid uncertain conditions. Historically, similar episodes have coincided with transitional phases, where markets reassess direction following periods of strong trends. Hyperunit Whale Rotation Adds Context To Ethereum Market Pressure Additional data from Arkham provides further context on the large ETH transaction recently observed on-chain. The entity often referred to as the “Hyperunit whale” is believed to be a major Bitcoin holder, likely of Chinese origin, whose wallets accumulated more than 100,000 BTC during early 2018, when those holdings were valued near $650 million. For several years, the strategy appeared straightforward: accumulate Bitcoin and maintain a long-term holding position, with over 90% of those coins reportedly untouched for roughly seven years. At the peak of its on-chain exposure, Arkham estimates the whale controlled approximately $11.14 billion worth of BTC. However, in August 2025, around 39,738 BTC — valued near $4.49 billion at the time — were reportedly transferred in a move interpreted as a rotation into Ethereum. Subsequent accumulation brought total ETH holdings to roughly 886,000 coins, valued at over $4 billion during that period. Since that shift, performance appears to have weakened. Estimates suggest approximately $3.7 billion in losses tied to leveraged ETH exposure and combined BTC/ETH spot holdings, alongside roughly $1.2 billion in unrealized losses on staked ETH. In aggregate, Arkham data indicate a drawdown approaching $5 billion from peak portfolio levels. Related Reading: Bitcoin BCMI Drops Toward Bear Market Territory: How Close Is BTC To A Real Buy Zone? Ethereum Price Holds As Downtrend Pressure Persists Ethereum price action continues to reflect sustained weakness, with the chart showing a clear sequence of lower highs since the late-2025 peak above the $4,000 region. The recent decline toward the $2,000 psychological level highlights persistent selling pressure, while the inability to generate a strong rebound suggests buyers remain cautious despite oversold conditions. Technically, ETH is trading below its key moving averages, which are now trending downward — a configuration typically associated with bearish momentum rather than a temporary correction. The breakdown below the mid-range consolidation seen late last year accelerated downside volatility, accompanied by a noticeable spike in trading volume. Such volume expansions often signal capitulation or forced deleveraging, rather than routine profit-taking. Related Reading: Ethereum Derivatives Reset Raises Questions About Next Price Move: What Happens Next? The current stabilization around the $1,900–$2,000 zone may represent an early attempt to form a short-term base, but confirmation would require sustained closes above nearby resistance levels, particularly the $2,200–$2,400 range, where prior support has turned into resistance. Until that occurs, upside attempts risk being corrective bounces within a broader downtrend. From a structural perspective, maintaining the $2,000 area is important for sentiment, while a decisive break lower could open the door to deeper retracement toward historical support zones. Featured image from ChatGPT, chart from TradingView.com 

According to CoinMarketCap, Ethereum changed hands around $2,050 at one point, with a single-session move of about 7%. Reports have disclosed that roughly 30% of the total ETH supply is now locked in staking contracts, a level not seen before. Related Reading: Urgent Crypto Reform: Treasury Secretary Says The Clock Is Ticking That is a big shift in where supply sits, and it matters because locked coins are not available for quick trading. Staking Participation Hits A Record On-chain trackers show a steady climb in staking since early 2023. Back then roughly 15% of the supply was staked; today that figure has roughly doubled. People who lock ETH as validators do it to earn rewards and to help keep the network running. Many of those accounts are built to stay long-term. That matters because long-term holders change how supply and demand play out. Ethereum staking rate just hit a new all-time high. Over 30.5% of all ETH is now staked! Meanwhile ETH is trading at ~$1,950. Since early 2023, the staking rate has gone from ~15% to 30.5% in an almost perfect straight line. Bear market, bull market, crashes, rallies. Doesn’t… pic.twitter.com/8dS4xv7bok — Leon Waidmann (@LeonWaidmann) February 13, 2026 Liquid Supply Has Shrunk When a chunk of coins is tied up, it takes some selling pressure off the market. Locked ETH lowers the pool available on exchanges for fast sales. That does not guarantee a price surge, but it does tighten one side of the market. Traders watching supply flows often weigh that factor alongside macro moves and liquidity conditions. Some traders see this as a slow-burning bullish signal. Others remain cautious because other forces can push prices down even when supply is tighter. Ether Shows Volatility Around $1,900–$2,000 Prices have been bouncy. One day sees gains; the next day shows pullbacks. Reports note that ETH slipped below $2,000 at times as broader crypto momentum cooled. Some sessions point to strength, and some to weakness. Over the last week movement has been uneven. This is a market where headlines and flows still swing prices more than network fundamentals sometimes do. Validator Growth May Support Confidence The rising staking rate also points to growing validator infrastructure and investor patience. More validators means the consensus mechanism has more hands on deck. That has implications beyond price: it affects network security and how rewards are distributed. For many long-horizon investors, that steady build of validators is a reason to remain involved. Related Reading: Bitcoin At $8,000? Michael Saylor Says Strategy Still Won’t Break Timing of withdrawal unlocks is on watch lists. So is how quickly new staked ETH can return to exchanges when withdrawals are permitted at scale. Another big item is macro moves—rates, liquidity, and major market shifts. Those will likely control the next big price swings more than staking alone. Featured image from Unsplash, chart from TradingView

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating and remains at risk of another decline below $1,940. Ethereum struggled to extend gains above $2,050 and corrected lower. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,035 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,000 zone. Ethereum Price Dips Again Ethereum price failed to stay above $2,050 and started a fresh decline, like Bitcoin. ETH price traded below the $2,040 and $2,020 levels to enter a bearish zone. The pair dipped below the 50% Fib retracement level of the upward move from the $1,895 swing low to the $2,106 high. Besides, there was a break below a bullish trend line with support at $2,035 on the hourly chart of ETH/USD. The bears even pushed the price toward the $1,950 support. Ethereum price is now trading below $1,980 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,920, the price could attempt another increase. Immediate resistance is seen near the $1,980 level. The first key resistance is near the $2,000 level. The next major resistance is near the $2,025 level. A clear move above the $2,025 resistance might send the price toward the $2,045 resistance. An upside break above the $2,045 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,000 resistance, it could start a fresh decline. Initial support on the downside is near the $1,945 level. The first major support sits near the $1,930 zone or the 83.2% Fib retracement level of the upward move from the $1,895 swing low to the $2,106 high. A clear move below the $1,930 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,820 region. The main support could be $1,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,930 Major Resistance Level – $2,000

Ethereum climbed back above $2,000 after a softer-than-expected US CPI print, and the move has traders and analysts debating whether the worst is behind the coin or if this is a temporary relief rally. Related Reading: Calm Down: Ethereum Has Survived 8 Major 50% Falls, Lee Reminds Investors Reports say futures open interest has fallen sharply over the last 30 days, funding rates have swung into deeply negative territory, and some on-chain metrics point to a clustered support zone below current prices. Open Interest Drop Raises Questions According to CryptoQuant, the headline figure showing an 80 million ETH decline in open interest across major venues grabbed attention. That number, if taken at face value, would be huge. It suggests large positions were closed rather than new ones being put on. But the scale of the change also invites scrutiny; reporting errors or dollar-value comparisons mislabeled as ETH can happen. Still, a sizable pullback in futures exposure on exchanges including Binance, Gate, Bybit and OKX has been logged, and that much appears real. Funding Rates And The Crowd Funding rates on some platforms are pushing to levels not seen in roughly three years. When traders pay to hold short positions, it signals strong bearish conviction. It is reported that such extremes tend to be followed by a sharp reversal as the crowd can become one-sided, and that leads to a quick reversal as the market sentiment changes. This was seen at the end of 2022, where there was extreme shorting followed by a quick reversal. This does not mean that it will happen this time around as markets can remain one-sided for longer than expected. Support Zones And Technical Targets Glassnode’s on-chain data reveals a significant cost-basis area between $1,880 and $1,900, where about 1.3 million ETH was traded. The $2,000 mark is acting as a psychological anchor and is reinforced by moving average clusters. A breakout from the recent falling wedge pattern points to an initial measured target near $2,150, a ceiling that would be tested before higher resistance near $2,260 and then $2,500. Those levels are not certainties; broader market tone and Bitcoin’s direction will influence whether they are reached. Related Reading: XRP Set To Dethrone Bitcoin Within 6 Years, Entrepreneur Says Reduced open interest lowers the risk of cascade liquidations for now, which can tame intraday volatility. At the same time, low funding rates show that bearish bets are still active and could be squeezed if momentum turns. Reports say accumulation wallets increased inflows when prices dipped, hinting at longer-term conviction among some investors. Featured image from Unsplash, chart from TradingView

Ethereum continues to struggle below the $2,000 level, reflecting persistent selling pressure and increasingly fragile market sentiment. The inability to reclaim this psychological threshold has kept traders defensive, with volatility elevated and confidence weakened as negative sentiment spreads across the broader crypto market. While corrections are not unusual after strong cycles, the current environment shows clear signs of stress, with investors closely watching liquidity conditions and derivatives positioning for clues about the next directional move. Related Reading: Bitcoin BCMI Drops Toward Bear Market Territory: How Close Is BTC To A Real Buy Zone? A recent CryptoQuant report provides additional context by highlighting a significant contraction in Ethereum futures open interest. Data tracking the 30-day change in net open interest across major trading platforms indicates that the derivatives market is undergoing a clear phase of deleveraging and risk readjustment. The decline appears concentrated on key exchanges such as Binance, Gate.io, OKX, and Bybit, pointing to a widespread outflow of capital from leveraged positions. According to the figures, Binance alone recorded an approximate drop of 40 million ETH in open interest over the past month, while Gate.io saw a decline exceeding 20 million ETH. OKX posted a reduction of nearly 6.8 million ETH, with Bybit contributing roughly 8.5 million ETH, bringing the combined contraction across these platforms to around 75 million ETH. Broad Deleveraging Suggests Ethereum Market Reset The CryptoQuant report further notes that when additional platforms showing negative open interest readings are included — even those with comparatively smaller volumes — the total contraction across all exchanges exceeds 80 million ETH over the past 30 days. This confirms that the deleveraging trend is not isolated to a handful of major venues but represents a broader structural shift across the Ethereum derivatives ecosystem. Such a widespread decline in open interest typically indicates that traders, particularly those relying on leverage, are reducing exposure rather than initiating new speculative positions. This behavior may reflect caution following heightened volatility or pressure from recent price declines that triggered margin adjustments. Historically, similar environments tend to emerge during transitional market phases, when speculative momentum cools, and risk management becomes a priority. From a structural standpoint, this type of contraction can function as a market “clean-up.” By gradually removing weaker leveraged positions, the likelihood of sudden liquidation cascades may diminish over time. While this does not guarantee an immediate recovery, flushing out excess leverage often stabilizes market conditions. In Ethereum’s case, the ongoing reset in derivatives positioning could help establish a firmer price base if broader liquidity conditions and investor sentiment begin to stabilize. Related Reading: Ethereum Endures Historic Liquidation Week: Largest Sustained Liquidation Phase Since 2021 Ethereum Faces Structural Pressure Below Key Weekly Support Ethereum’s weekly chart shows persistent downside pressure after losing the $2,000 level, a zone that previously acted as both psychological support and a technical pivot during prior consolidation phases. The recent breakdown places ETH below several major moving averages, which now function as overhead resistance rather than support, indicating weakening bullish momentum and a shift toward a more defensive market structure. Price action reflects a clear rejection from the $3,000–$3,500 region earlier in the cycle, followed by a sequence of lower highs. This pattern typically signals a corrective or transitional phase rather than a continuation of the prior bullish trend. The latest decline has also been accompanied by elevated trading volume, suggesting distribution and deleveraging rather than organic accumulation. Related Reading: Bitcoin Realized Losses Hit Luna Crash Levels — But Price Context Points To A Different Market Phase From a structural standpoint, the next meaningful support area appears near the $1,600–$1,700 range, where prior consolidation and demand previously emerged. Holding this zone would help maintain the broader long-term framework despite current weakness. A sustained break below it, however, could increase the probability of a deeper retracement phase. Ethereum remains highly sensitive to macro liquidity conditions, derivatives positioning, and overall crypto market sentiment, with recovery dependent on renewed demand and stabilization above key technical levels. Featured image from ChatGPT, chart from TradingView.com 

As most of the crypto market retests crucial levels, Ethereum (ETH) is attempting to reclaim a major horizontal area. Some market observers have warned that cryptocurrency could fall to new lows if the price doesn’t bounce soon. Related Reading: LayerZero (ZRO) Soars 40% Amid Zero Blockchain Debut, Major Institutional Backing Ethereum Weekly Close On Sight On Thursday, Ethereum dropped 1.4% to retest a key area for the second consecutive day. After hitting a 10-month low of $1,747, the King of Altcoins bounced more than 15% to trade between $2,000 and $2,150 over the past few days. However, the second-largest cryptocurrency by market cap failed to hold the crucial $2,000 horizontal barrier on Wednesday and tested the $1,900 mark for the first time in a week. After attempting to reclaim the key psychological level in the early hours of Thursday, Ethereum was rejected toward the recent lows, briefly falling below it. Analyst Ted Pillows highlighted the importance of ETH’s current zone, as it has previously triggered major moves. To him, if the altcoin fails to reclaim the $2,000 area in the coming days, a full retrace toward the recent lows should be expected soon. Similarly, market observer Crypto Busy noted that the cryptocurrency is currently trading above a major long-term support. According to the post, the recent correction has sent Ethereum toward a three-year rising support line, which “will decide the next big move.” The analyst warned that “If the trendline breaks with strong weekly closes below $1,900, the structure weakens.” Therefore, ETH must hold its current levels in the coming days to avoid a weekly close below this level. Otherwise, its price could drop “into the next liquidity pockets around $1,600 and possibly $1,300, where the next historical support zones exist.” Is ETH’s ‘Real’ Bull Market Two Years Away? Trader AlejandroXBT shared a potential macro-outlook for Ethereum that suggests the cryptocurrency could still see another major shakeout: My thesis is that the major bullish move that began around 2019–2020 has transitioned into a large and prolonged macro correction, and that Ethereum has been consolidating within this broader corrective structure ever since. He outlined four phases for the macro structure: the pump, the correction, the shakeout, and the moon. The initial phase, which occurred between 2019 and 2021, marked “the true impulsive bullish move,” with strong trend expansion and increasing momentum. According to the market observer, the strong rally that followed the 2022 bear market appears to be a “counter-trend move within a broader corrective range” rather than a renewed bull market and the start of a new long-term cycle. As he explained, ETH’s range-bound behavior signals distribution and consolidation instead of continuation. “From this perspective, the apparent bull market that developed within the correction can be interpreted as a dead cat bounce, a technically strong bounce occurring inside a larger corrective structure,” he affirmed. Related Reading: XRP Positioned For Major Structure Shift As Price Tests Critical Level Therefore, the current macro structure would suggest that a final shakeout phase could “still be required to fully reset sentiment and liquidity before Ethereum can transition into a new impulsive bullish cycle.” Based on this, the trader anticipated a final liquidity-driven move to the downside in the coming months, followed by “the moon” phase, potentially next year, when “the structure suggests the conditions for a true long-term bullish continuation, with price discovery and expansion well beyond previous highs.” Featured Image from Unsplash.com, Chart from TradingView.com

Standard Chartered lowered its long-term outlook for Bitcoin (BTC) for the second time in less than three months as the cryptocurrency market appears to have entered a new bearish cycle. With the leading cryptocurrency currently consolidating below the key $70,000 level, the bank now warns that the asset could fall as low as $50,000 before staging a recovery. Standard Chartered Cuts Bitcoin Target to $100,000 In a note published Thursday, Geoff Kendrick, Standard Chartered’s head of digital assets research, said the bank now expects Bitcoin to reach $100,000 by the end of 2026.  The latest figure marks a significant reduction from its previous $150,000 projection for BTC. The revision follows an earlier downgrade in December, when the bank cut its target from an ambitious $300,000. Related Reading: Is Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‑Reward Setup According to Bloomberg’s report on the matter, the bank’s more cautious stance reflects a combination of weakening macroeconomic conditions and shifting investor behavior, especially over the past month’s downtrend. The leading cryptocurrency has declined more than 40% from its October peak toward current trading prices of around $67,160, while the US spot Bitcoin exchange‑traded funds (ETFs) sector has seen nearly $8 billion in net outflows.  Kendrick noted that slowing US economic momentum and reduced expectations for Federal Reserve (Fed) rate cuts have weighed heavily on digital assets. In particular, declining ETF holdings have removed what had been a critical source of demand during previous rallies. The interest‑rate environment remains a central concern. Markets have pushed back expectations for Federal Reserve easing, with investors now anticipating that the first rate cut may come later in the year than previously thought.  Kendrick also pointed to uncertainty surrounding future Federal Reserve leadership as an additional factor contributing to Bitcoin caution. The bank warned that deteriorating macro conditions and the risk of further investor capitulation could continue to pressure prices in the near term. Ethereum Could Drop To $1,400 Despite the more conservative Bitcoin forecasts, Standard Chartered emphasized that the current downturn appears more orderly than previous crypto market collapses.  Kendrick highlighted that on‑chain activity data continues to show improvement, suggesting that underlying network usage remains healthy.  Related Reading: UNI Rallies 10% As BlackRock Brings Treasury‑Backed BUIDL Token To Uniswap Moreover, the bank’s head of research highlighted that the market has not experienced the type of high‑profile platform failures that defined the 2022 cycle, when the collapses of Terra/Luna and FTX triggered widespread contagion. The bank also revised its outlook for Ethereum (ETH). Its 2026 price target for the second‑largest cryptocurrency was reduced to $4,000 from $7,500. Before reaching that level, analysts expect Ether could fall to around $1,400.  Featured image from OpenArt, chart from TradingView.com 

Ethereum continues to trade below the critical $2,000 level, reflecting persistent market pressure as traders await a clearer directional catalyst. The inability to reclaim this psychological threshold has kept sentiment cautious, with volatility elevated and liquidity conditions still uncertain. While price action has stabilized somewhat after recent declines, the broader structure suggests the market is preparing for a decisive move that could define Ethereum’s short-term trajectory. Related Reading: Bitcoin Realized Losses Hit Luna Crash Levels — But Price Context Points To A Different Market Phase A recent CryptoQuant report provides important context, indicating that the Ethereum market has undergone one of its most prolonged periods of stress since mid-2021. According to the data, the 7-day simple moving average of long liquidations on Binance climbed to roughly 9,000 ETH on February 6, 2026. Because this figure represents a smoothed weekly average rather than a single-day spike, it signals sustained pressure rather than a brief liquidation cascade. This pattern implies that leveraged long positions have been unwound gradually over several days. Pointing to persistent deleveraging rather than a sudden capitulation event. Historically, extended liquidation phases can reset market leverage and reduce speculative excess, though they also tend to coincide with fragile sentiment. Whether this process ultimately stabilizes Ethereum or leads to further downside remains dependent on liquidity conditions and broader market demand. Sustained Liquidations Signal Derivatives Market Reset The CryptoQuant report further notes that Ethereum’s decline from the $3,000 region to the $2,000 range did not trigger any capitulation events. Instead, the market experienced a prolonged sequence of margin calls, with leveraged long positions gradually unwound over several consecutive days. This pattern reflects persistent stress in the derivatives market rather than a short-lived liquidation cascade. Indicating that traders faced sustained pressure as the price trended lower. From a historical standpoint, the intensity and duration of this liquidation phase appear to exceed those recorded during major capitulation periods of the 2022 bear market. Such extended liquidation activity typically signals a broad deleveraging cycle, where excessive speculative positioning is systematically cleared. This process often reshapes market structure by reducing leverage-driven volatility and restoring a more balanced risk environment. The implication is that Ethereum may have already undergone a significant leverage reset in recent weeks. Persistently elevated liquidation averages can sometimes precede seller exhaustion. Weaker market participants exit positions, and forced selling pressure gradually subsides. The durability of any recovery will likely depend on renewed spot demand and macro liquidity conditions. Also, investor confidence must return following this extended period of derivatives-driven stress. Related Reading: Long-Term Ethereum Holders Expand Positions While Market Faces Pressure: Rare Signal Emerges Ethereum Tests Long-Term Support: Weekly Structure Weakens Ethereum’s weekly chart shows increasing structural pressure after the loss of the $2,000 level, a threshold that previously acted as both psychological support and a key technical pivot. The recent breakdown places ETH below major trend-defining moving averages, suggesting weakening bullish momentum and a shift toward a more defensive market environment. Price action reflects a clear rejection from the $3,000 region earlier in the cycle. Followed by a sequence of lower highs that typically characterizes transitional or corrective phases. The latest decline also coincides with rising trading volume, often associated with distribution or leveraged position unwinding rather than organic accumulation. This dynamic reinforces the perception of ongoing market stress rather than stabilization. Related Reading: Bitcoin Drop Wipes Billions From Recent Buyers: New Whale Cost Basis Falls Toward $90K From a structural standpoint, the next meaningful support area appears around the mid-$1,500 to $1,700 zone, where previous consolidation and demand emerged in earlier phases. Holding above this range would help preserve the broader long-term bullish framework, even amid current weakness. A sustained break below it, however, could shift sentiment toward a deeper corrective cycle. Ethereum remains sensitive to macro liquidity conditions, derivatives positioning, and overall crypto market sentiment, with recovery dependent on renewed spot demand and stabilization above key technical levels. Featured image from ChatGPT, chart from TradingView.com 

Ethereum price started a fresh decline and traded below $1,980. ETH is now consolidating and remain at risk of another decline below $1,920. Ethereum struggled to extend gains above $2,000 and corrected lower. The price is trading below $1,980 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,000 zone. Ethereum Price Remains In The Red Ethereum price failed to stay above $2,000 and started a fresh decline, like Bitcoin. ETH price traded below the $1,980 and $1,960 levels to enter a bearish zone. The pair dipped below the 50% Fib retracement level of the upward move from the $1,745 swing low to the $2,168 high. The bears even pushed the price toward the $1,900 support. Besides, there is a bearish trend line forming with resistance at $1,960 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,980 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,920, the price could attempt another increase. Immediate resistance is seen near the $1,960 level and the trend line. The first key resistance is near the $2,000 level. The next major resistance is near the $2,050 level. A clear move above the $2,050 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,280 in the near term. Downside Extension In ETH? If Ethereum fails to clear the $1,960 resistance, it could start a fresh decline. Initial support on the downside is near the $1,920 level. The first major support sits near the $1,900 zone or the 61.8% Fib retracement level of the upward move from the $1,745 swing low to the $2,168 high. A clear move below the $1,900 support might push the price toward the $1,845 support. Any more losses might send the price toward the $1,800 region. The main support could be $1,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,900 Major Resistance Level – $2,000

Ethereum is attempting to stabilize after its recent pullback, but the recovery so far lacks convincing strength. With price rejecting key levels and higher-timeframe risks still looming, ETH finds itself at a critical decision point where the next structural move could define the short-term trend. No 5-Wave Breakout, No Confirmation For Ethereum Yet Ethereum continues to trade in a technically vulnerable zone. According to More Crypto Online,  until the market prints a clear five-wave impulsive structure to the upside, or at a minimum breaks decisively above the weekend high, the probability of further downside under the outlined “orange scenario” remains elevated. Without that confirmation, the broader risk profile has not materially improved. Related Reading: Ethereum Libra Formation In Play: ETH’s Next Big Move Could Be Loading The bounce from last week’s low, while noticeable, still carries a weak and corrective appearance. Momentum has not expanded in a way that would typically signal the start of a sustainable bullish reversal. Instead, the structure so far suggests a potential counter-trend move within a larger bearish or sideways framework. That said, the current area on the chart is technically significant. Following the recent liquidation-driven decline, the price has reached a zone where markets often attempt to stabilize. Sharp flushes can sometimes mark exhaustion points, making it reasonable to stay alert for early reversal signals,  particularly if sentiment has become overly pessimistic. However, as More Crypto Online emphasizes, anticipation is not confirmation. The micro-structure now becomes critical. Only a shift toward impulsive upside behavior or a clear break of key resistance levels would validate a meaningful low. $2,100 Rejection Signals Resistance Flip Charting the daily timeframe for Ethereum, Luca, a market expert and investor, noted that while price has managed to bounce on the lower timeframes, the recovery has already faced rejection at a key former support zone around $2,100, highlighted in purple. This level previously acted as support but was lost during the recent decline, turning it into resistance on the way back up. Related Reading: Ethereum Price Closes Sub-$2,000 Support As Crypto Rout Intensifies The inability to reclaim that range signals that upside momentum remains fragile. Until Ethereum can decisively flip the $2,100 area back into support, Luca believes the structure continues to favor caution rather than calling for a confirmed bottom. As a result, the more probable path in his view is a continuation lower toward the higher-timeframe support zone marked in green. That area aligns with the early-April bottoming formation and could provide a stronger foundation for a more sustainable bullish reversal attempt. Given this outlook, Luca explained that he is maintaining hedges on lower timeframes to manage downside exposure. Until clear strength emerges and key levels are reclaimed, protecting capital remains the priority. Featured image from Getty Images, chart from Tradingview.com

Ethereum is increasingly positioning itself at the intersection of blockchain and artificial intelligence (AI), with growing discussions around its potential to become the default network for AI development. As AI systems demand secure data verification, ETH’s programmable smart contracts and robust ecosystem offer a compelling foundation. Its ability to provide trustless execution, decentralized data markets, and verifiable computation could address some of the biggest challenges facing modern AI. Why Ethereum’s Cryptographic Advantage In AI Development Ethereum co-founder Vitalik Buterin has outlined a clear vision for positioning ETH as the leading platform for artificial intelligence development. According to BSCN’s recent post, Vitalik has argued on X that ETH should lead AI innovation rather than copying others by focusing on zero-knowledge (ZK) privacy payments and reputation systems. Related Reading: Vitalik Reframes Ethereum L2 Strategy as ETF Inflows Return and Mainnet Scaling Accelerates In response to comments from ETH’s AI leadership post, Vitalik urged developers to consider building a fundamentally better solution rather than merely rebranding existing concepts. Vitalik emphasized that developers should do something fundamentally better by combining technology improvement in ZK, a privacy-preserving payments system, and on-chain reputation. If executed correctly, this approach could position ETH as the default platform for next-generation AI development with meaningful technology improvements. Ethereum has taken a major step toward building the foundation for autonomous AI systems, with 13,000 AI agents registered on the network in a single day, followed by the launch of ERC-8004, which went live on mainnet. Crypto analyst Teng Yan noted that the new standard allows AI agents to establish portable on-chain identities and build verifiable trust layers. However, the surge was mostly coordinated bulk onboarding, and most of the newly registered AI agents have claimed identities but are not yet active, which is normal for early infrastructure development. The real signal will emerge as reputation updates that are climbing. Recursion As Both A Scaling Tool And A Security Risk The Ethereum Foundation is releasing detailed requirements for the zero-knowledge virtual machine (zkVM) architecture whitepaper, a document to be delivered in three milestones. The Founder of ABDK Consulting, Dmitry Khovratovich, emphasized that modern zkVMs are not monolithic circuits. Instead, they consist of multiple interconnected components, including segmentation, buses, memory structures, and recursion. Related Reading: SEAL and Ethereum Foundation Partner to Combat Wallet Drainers: Security-First Investors Switch to $BMIC Each component may be secure on its own, but the overall reliability of this system-level security depends on how they interact and function together. As a result, the whitepaper will address both architectural details and the broader security arguments supporting the recursive proof structure. The Ethereum Foundation expects the final version of the documentation to be completed by December 2026 alongside the release of zkVM proofs, which are projected to be approximately 300 kilobytes (KB) in size while maintaining a 128-bit provable security level. Featured image from Getty Images, chart from Tradingview.com

Ethereum whales have continued to accumulate despite the current downtrend in the ETH price, providing a bullish outlook for the second-largest crypto by market cap. Notably, ETH withdrawals from exchanges recently reached their highest level since October last year, totaling over $400 million.  Ethereum Whales Accelerate Withdrawals From Exchanges Crypto analyst Arab Chain noted in a CryptoQuant analysis that rising Ethereum withdrawals from exchanges have reached their highest level since October. The analyst noted that the exchange netflow data over the past few days indicates a clear acceleration in withdrawal activity. This signals a shift in Ethereum whales’ behavior as demand outpaces supply.  Related Reading: Can Ethereum Price Still Hit $7,600 In 2026? Here Are The Odds Arab Chain revealed that across all exchanges, the net Ethereum outflows have exceeded 220,000 ETH, marking the highest level of withdrawals since October last year. This suggests that Ethereum whales are moving their coins to private wallets or long-term storage protocols, a move that the analyst noted is often associated with accumulation phases or risk-reduction behavior.  Notably, daily net outflows on Binance reached nearly 158,000 ETH on February 5, the largest since August last year. Arab Chain stated that this confirms that a substantial portion of the recent outflows has been concentrated on the exchange with the deepest liquidity. From a price perspective, the analyst noted that the Ethereum whale accumulation coincided with ETH trading near the $1,800 to $2,000 range.  Therefore, these Ethereum whales may see these levels as attractive zones for holding or repositioning amid this crypto market downtrend. Arab Chain added that the continued outflow of ETH from exchanges at this scale reduces immediate selling pressure and could provide near-term support for the ETH price, especially if the market gains momentum again.  Ethereum Staking Hits New High According to Token Terminal, Ethereum staking has surpassed 30% of the total supply, marking a new all-time high (ATH) in terms of staking ratio. Market commentator The Milk Road noted that this means that 36.8 million ETH, around $72 billion, is now locked up, with almost 1 million validators securing the network.  Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? The Milk Road further described this development as a sign of conviction in the Ethereum ecosystem, noting that these whales are willing to lock up $74 billion during a market downtrend. Notably, the staking exit queue is around 4.1 million ETH, which the market commentator remarked is nothing compared to what is currently staked.  Interestingly, it also takes about 72 days to stake ETH at the moment, with staking demand at a new high. Meanwhile, the Milk Road also noted that the obvious impact is a significant supply restriction, which is a bullish catalyst for the ETH price.  At the time of writing, the Ethereum price is trading at around $1,965, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

At a panel discussion at Consensus Hong Kong 2026 featuring Sharplink Gaming Chairman Joe Lubin and CEO Joseph Chalom, the two executives outlined how digital asset treasuries are evolving into a distinct institutional strategy.

Ethereum's slide toward $2,000 has left its exchange-traded fund (ETF) investors holding more than $5 billion in paper losses, extending a marketwide crypto drawdown that has also hit Bitcoin. According to CryptoSlate's data, the move has tracked a broader risk-off wave that has pushed the global crypto market value down by $2 trillion since October’s […]
The post Ethereum price decline is testing Wall Street as ETF flows flip while a $1,800 retest looms appeared first on CryptoSlate.

Tom Lee, head of research at Fundstrat, is betting on a prompt bounce for Ethereum. He pointed to a pattern stretching back to 2018: each time ETH dropped deep, it later recovered strongly. Related Reading: Jim Cramer Suggests US Government Could Buy Bitcoin Near $60K That history has shaped the tone of his remarks in Hong Kong, where he argued that previous collapses ended with rapid turnarounds. Tom Lee Backs A Quick Rebound According to Lee, Ethereum has endured more than a 50% decline on eight separate occasions since 2018 and each time it came back. He used those past moves as the basis for his view that another sharp recovery is likely. Analysts often disagree about how much weight to give past cycles. $ETH 100% V-Shape Record ???? Tom Lee highlights Ethereum’s eight V-shaped recoveries since 2018. Tom DeMark, whose models are followed by macro legends like Paul Tudor Jones and used across institutional desks, says a final undercut near $1,890 would “perfect” the bottom. That… pic.twitter.com/j9zWoUOLgP — SamAlτcoin.eth (@SAMALTCOIN_ETH) February 11, 2026 Market conditions are not identical now, yet patterns matter because traders use them. Some analysts have highlighted the $1,890 level as a likely low. They said it might be probed twice in an “undercut” before stabilizing. That kind of setup is common in volatile markets and is used to find entry points. Staking Squeezes Liquid Supply Reports note that staking demand remains strong even while prices fall. The validator entry queue has swollen to about 21 days, with roughly 4 million ETH waiting to be accepted. That has left more than 30% of the total supply locked up — about 36.7 million ETH. People are earning roughly 2.80% APR on staked coins, a modest return by crypto standards, but enough to persuade many holders to lock funds away. When large sums are immobilized like this, tradable supply thins and price reactions can be amplified on both the way down and the way up. Related Reading: More Bitcoin Ahead: Saylor, Strategy Commit To Regular BTC Purchases Ethereum Price Action And Market Strain Market moves have been sharp. ETH slid to about $1,900 at the time of writing, down 5.4% in the last seven days, and has failed to hold above $2,000 in recent days. Over the last 30 days, the token fell roughly 36%. Heavy liquidations have been recorded, with more than $1 billion in positions closed out as leverage was forced to unwind. That generated fast selling and left traders cautious. Economic data, geopolitical headlines, and anticipation of US inflation readings have added to the nervous mood. Some desks now treat any bounce as tentative until volatility eases. Whether that rebound comes fast or takes time, Lee’s stance is clear: sharp drops have not marked the end for Ethereum in the past. He sees the current stress as another chapter in a familiar cycle, not a structural break. Featured image from Unsplash, chart from TradingView

Ethereum has slipped below the key $2,000 level again, reflecting renewed selling pressure across the broader crypto market. The move places ETH back in a technically fragile zone, where sentiment tends to deteriorate quickly as traders reassess risk exposure and liquidity conditions tighten. Related Reading: Bitcoin Drop Wipes Billions From Recent Buyers: New Whale Cost Basis Falls Toward $90K A recent CryptoQuant report provides additional context by analyzing so-called “accumulating addresses,” a specific class of wallets designed to isolate long-term conviction holders. These addresses show no history of outflows, have received at least 100 ETH in their latest inflow, recorded multiple inbound transactions, maintain balances above 100 ETH, and have remained active over the past seven years while excluding exchanges, miners, and smart contract wallets. According to the report, these accumulation addresses now hold roughly 27 million ETH, representing about 23% of the circulating supply. This concentration suggests that a significant share of Ethereum remains in strong hands despite recent volatility. Still, persistent selling pressure below $2,000 highlights the market’s sensitivity to macro conditions, leverage dynamics, and shifting capital flows, leaving Ethereum at a critical inflection point in the near term. Whether buyers defend this area or allow further downside will likely shape sentiment, volatility expectations, and short-term positioning across the Ethereum derivatives and spot markets. Ethereum Trades Below Accumulating Address Realized Price Ethereum’s recent price action gains additional context from the same CryptoQuant analysis. It highlights how ETH is currently trading relative to the Realized Price of accumulating addresses. This metric reflects the average acquisition cost of long-term conviction holders — wallets that consistently receive ETH without distributing it back to the market. Historically, trading below this level has been rare and often associated with periods of elevated stress. According to the report, ETH has traded below the Realized Price of these accumulating addresses only twice over the past nine years. The first occurrence happened during the 2025 cycle low. A time when broad market weakness and liquidity contraction pushed prices into deep discount territory. The second instance has been unfolding since January 2026. Suggesting that current market conditions are again testing long-term holder cost bases. From a structural standpoint, this type of deviation can carry two interpretations. It may signal capitulation and undervaluation, where weak hands exit while stronger investors accumulate. Alternatively, prolonged trading below realized cost levels can reflect persistent macro headwinds, subdued demand, or leverage unwinds delaying recovery. Related Reading: Ethereum Holders Shift To Self-Custody As Market Consolidates Near $2K Price Action Showing Weakness Ethereum’s price action continues to show structural weakness on the weekly chart, with ETH recently losing the psychological $2,000 level after failing to hold above its key moving averages. The break below this zone places the price back under the mid-cycle support area that previously acted as both accumulation and breakout territory. ETH remains below the shorter-term weekly moving average. The longer-term trend lines appear to be flattening, reflecting slowing momentum rather than clear trend continuation. Volume patterns also suggest distribution, with recent selloffs accompanied by rising activity, typically associated with risk reduction and position unwinding. Related Reading: Ethereum Supply on Exchanges Mirrors 2016 Levels: What Happens Next? Historically, similar setups have preceded either extended consolidation phases or deeper corrective moves. It usually depends largely on broader liquidity conditions and macro risk appetite. If buyers fail to reclaim the $2,000 region quickly, downside targets could shift toward previous high-volume nodes near the $1,600–$1,700 range. Where historical demand previously emerged. Conversely, a decisive recovery above that level would improve sentiment. And would also suggest the recent move was primarily a leverage-driven flush rather than the start of a broader structural downtrend for Ethereum in this cycle. Until then, price action likely remains sensitive to macro liquidity shifts and derivatives market positioning dynamics overall. Featured image from ChatGPT, chart from TradingView.com 

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating and remain at risk of another decline below $1,950. Ethereum struggled to extend gains above $2,020 and corrected lower. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,020 zone. Ethereum Price Dips Further Ethereum price failed to stay above $2,050 and started a fresh decline, like Bitcoin. ETH price traded below the $2,020 and $2,000 levels to enter a bearish zone. The pair dipped below the 50% Fib retracement level of the upward move from the $1,745 swing low to the $2,169 high. Besides, there is a bearish trend line forming with resistance at $1,980 on the hourly chart of ETH/USD. However, the bulls were active near $1,900. Ethereum price is now trading below $2,000 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,900, the price could attempt another increase. Immediate resistance is seen near the $1,960 level and the trend line. The first key resistance is near the $2,000 level. The next major resistance is near the $2,020 level. A clear move above the $2,020 resistance might send the price toward the $2,165 resistance. An upside break above the $2,165 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,280 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,000 resistance, it could start a fresh decline. Initial support on the downside is near the $1,920 level. The first major support sits near the $1,900 zone or the 61.8% Fib retracement level of the upward move from the $1,745 swing low to the $2,169 high. A clear move below the $1,850 support might push the price toward the $1,820 support. Any more losses might send the price toward the $1,750 region. The main support could be $1,720. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,900 Major Resistance Level – $2,020

On-chain data shows the Ethereum wallets with more than 1,000 ETH have reduced their holdings over the last eleven weeks, shedding 1.5% of the ETH supply. Ethereum Whales Have Distributed Tokens Equivalent To 1.5% Of The Supply As explained by on-chain analytics firm Santiment in an X post, Ethereum addresses with more than 1,000 ETH have participated in net selling since Christmas. The indicator of relevance here is the “Supply Distribution,” which tells us about the percentage of the total circulating ETH supply that a given wallet group is holding. Related Reading: Bitcoin Giant Awakens: 2,043 BTC Moved After 7-Year Slumber Addresses are placed into these cohorts based on the number of tokens that they are carrying in their balance. The 1 to 10 coins group, for instance, includes all investors owning between 1 and 10 ETH. Now, here is the chart for the Ethereum Supply Distribution shared by Santiment that shows the trend in the indicator for three wallet ranges: 0 to 1 coins, 1 to 1,000 coins, and 1,000+ coins. As displayed in the above graph, the smallest of Ethereum investors, retail holding less than 1 ETH, have seen their combined supply go up since December. This group now holds more than 2.3% of the cryptocurrency’s supply, the highest level ever. The mid-tier wallets with 1 to 1,000 ETH have seen a similar trajectory in this period, with their supply breaking the 23% mark for the first time since July. The growth in these addresses could lie in staking. While the smaller investors have been accumulating, the same hasn’t been true for the highest end of the market: those with more than 1,000 ETH. This range includes cohorts like the sharks and whales, who are considered key holders of the cryptocurrency due to the notable size of their holdings. Over the last eleven weeks, these large entities have distributed 1.5% of the total ETH supply. This selloff has taken their supply under the 75% level, the lowest in seven months. Alongside this phase of selling from the sharks and whales, the Ethereum price has plummeted, and it’s possible that this bearish price action could only continue in the near future if the distribution maintains. It now remains to be seen whether the Supply Distribution of the 1,000+ ETH investors will remain in a downtrend in the coming days or if a reversal will appear. Related Reading: Bitcoin Not “Pumpable” Right Now, Says CryptoQuant Founder: Here’s Why A digital asset that has seen the reverse behavior from its top wallets is Pepe. As highlighted by Santiment in another X post, the 100 largest wallets of the memecoin have participated in notable accumulation over the past four months. In total, these humongous wallets have bought 23.02 trillion PEPE during this period. As the analytics firm explained: Retail sentiment is very bearish at the moment toward Pepe and meme coins, but expect that coins with heavy accumulation will inevitably have another breakout once Bitcoin is able to see some sustained bullish momentum. ETH Price At the time of writing, Ethereum is trading around $1,950, down nearly 14% over the last week. Featured image from Dall-E, chart from TradingView.com

Crypto Insight UK director Will Taylor argued in a new video that XRP is “trading different” this cycle and said he sees a credible path for it to challenge Ethereum’s long-held No. 2 position, with an outside chance of even pressuring bitcoin if the right mix of narrative and market structure lands. The “XRP Curveball” Theory Taylor anchored his thesis to a comment he highlighted from Mark Yusko, a well-known bitcoin-focused investor, who warned of a potential “curveball” tied to XRP and a future where policymakers clamp down on private stablecoins. Yusko, in Taylor’s telling, speculated that a “CBDC version” could emerge where authorities effectively steer users away from assets like USDT and USDC, a framing Taylor said resonated with what parts of the XRP community have anticipated for years. Mark Yusko says he’s watching for a potential policy curveball, including a future CBDC framework that could restrict private stablecoins like USDT and USDC, while noting $XRP activity may be happening more behind the scenes. ???? https://t.co/ba4aqu2dLN pic.twitter.com/bpWBw7lGX2 — Xaif Crypto????????|???????? (@Xaif_Crypto) February 9, 2026 “Now, what have I been saying about XRP this cycle? I’ve said that it looks different,” Taylor told viewers. “I’ve said that I think it will challenge ETH for spot number two. And I also think that there’s a potential that it challenges Bitcoin for the number one spot this cycle. And I know that a lot of people don’t agree… but that’s actually what I think.” Related Reading: Glassnode: XRP Is Back In Its 2021-2022 Playbook As SOPR Drops Sub 1 Taylor was careful to frame the idea as a non-base-case scenario while emphasizing why he believes XRP is uniquely positioned if US policy and institutional incentives shift in its favor. He pointed to Ripple’s US footprint, its endurance through regulatory “trials and tribulations,” and what he characterized as proximity to political power in Washington. In his view, those factors could matter if the next phase of crypto adoption is shaped as much by compliance architecture as by ideology. He also cited comments from Ray Dalio, referenced via an interview Taylor said aired “yesterday,” where Dalio discussed a future of reduced transactional privacy and the risk of being “shut off” if politically disfavored, a scenario Taylor linked to broader CBDC discourse. Taylor emphasized that his point was not whether such an outcome is desirable, but that traders should position for what they think is most likely to happen, not what they want to happen. “If I could change the way that I thought the world was going to be, I would put my capital somewhere else and I’d make the world a different place,” Taylor said. “But I’m not born in a world that I get to choose what happens in the future. But I am born into a world where I get to see what I think is going to happen and place my bets accordingly. It’s just like trading. You don’t trade or place an investment on something you want to happen. You place it on something that you think is going to happen.” XRP Vs. ETH Vs. BTC On the market-structure side, Taylor focused on bitcoin dominance, arguing it is “really, really tight” on Bollinger Bands, a condition he reads as a volatility setup. He revisited a historical example where an 11% bitcoin pullback preceded what he described as a 490% XRP surge, and argued that, historically, drops in bitcoin dominance have tended to coincide with sharp XRP outperformance. Taylor’s core claim is that the compression in dominance has persisted for roughly six months and is now at levels he compared to an earlier era, “before ETH and ICOs”, when dominance dynamics looked structurally different. He allowed for the opposite outcome, where dominance squeezes higher and bitcoin “sucks the liquidity in,” but said he increasingly favors a downside dominance break that would mechanically strengthen the case for altcoin beta, with XRP as a candidate beneficiary if narrative catalysts arrive alongside the move. Related Reading: XRP Price To $1 Or $10? Analyst Warns Investors Of Possible Crash Taylor also leaned on Binance volume comparisons across three-day candles, arguing XRP’s recovery volume looked more aggressive than the preceding selloff, while he said sellers appeared more dominant in ETH and BTC over the same framing. He tied that relative read to XRP cross charts versus ETH and BTC, describing repeated attempts at range resistance and suggesting a “positive price action” trigger could accelerate XRP’s relative breakout. He flagged near-term calendar items, including yesterday’s Clarity Act meeting and the XRP Community Day today, while cautioning against assuming a reflexive pump. Still, Taylor’s broader point was about positioning into a regime shift he believes could arrive quickly, pointing to visible liquidity concentrated above spot levels on his charts, extending from roughly $1.50 up toward $4.30, with comparatively less liquidity stacked below. “I think people are going to be shocked when we start to reverse and we reverse quickly,” Taylor said, arguing that a fast upside move could force traders out of short-term positioning. He then mapped his most bullish path: bitcoin returning to new highs – he floated 150K and “180-ishk plus” as targets – while bitcoin dominance “nukes,” setting up what he called “crazy price action” for XRP if it captures share of that dominance unwind. At press time, XRP traded at $1.3594. Featured image created with DALL.E, chart from TradingView.com

Ethereum ETF investors are sitting on a far uglier entry point than their bitcoin counterparts, according to Bloomberg Intelligence analyst James Seyffart, with spot ETH funds now absorbing a drawdown that has left many buyers deep underwater. “Ethereum ETF holders are sitting in a worse position than their Bitcoin ETF brethren,” Seyffart wrote on X late Tuesday. “The current ETH price of $2,000 is way below their average cost basis of ETF holders at about ~$3,500. It’s a painful proposition. But it’s one that Eth ETF holders have experienced already.” Seyffart added that the most recent ETH ETF trough pushed the drawdown “beyond 60%,” roughly matching the percentage decline ETH saw at its April 2025 low, framing the move as severe but not unprecedented for ether’s investor base. Related Reading: Ethereum Holders Shift To Self-Custody As Market Consolidates Near $2K Even so, he argued the investor response has been more stoic than the price action implies. “Still, the vast majority of buyers have stayed put,” he wrote, pointing to net inflows across the ETH ETF complex falling from roughly $15 billion to below $12 billion — a materially larger deterioration than bitcoin ETFs “on a relative basis,” but, in his words, “still fairly decent diamond hands in grand scheme (for now).” Fresh flow data suggests the bleeding has slowed, but not flipped decisively. SoSoValue data shows US spot ether ETFs took in about $13.82 million in net inflows on Feb. 10. That followed a week of net redemptions totaling roughly $166 million, extending a multi-week outflow streak. On a monthly basis, SoSoValue figures peg last month’s net flow at about $350 million in outflows. Cumulatively, total net assets are at $11.76 billion as of Feb.10. Goldman Sachs Is Bullish On Ethereum Against that backdrop, Goldman Sachs’ latest 13F disclosure added a different kind of signal: traditional finance’s exposure is increasingly visible, and not confined to bitcoin. On Tuesday, Goldman disclosed about $2.36 billion in crypto-related positions, including roughly $1.06 billion tied to spot bitcoin ETFs and about $1.0 billion to spot ether ETFs, alongside smaller exposures of about $153 million in XRP and $108 million in Solana — a roughly 0.33% allocation in the context of its broader holdings. Related Reading: Can Ethereum Price Still Hit $7,600 In 2026? Here Are The Odds The reactions on X leaned into the optics. Binance founder Changpeng “CZ” Zhao framed the filing as a positioning gap between crypto natives and banks: “Crypto is probably the only place you had an earlier start than the banks. But if you sold your crypto last quarter, while the banks are buying, then…” MoonRock Capital founder Simon Dedic focused on the ETH sizing itself: “Very interesting to see them holding almost as much ETH as Bitcoin. For a conservative investment bank that typically sticks to standard portfolio structures like market cap weighting, this speaks volumes on how they’re significantly more bullish on Ethereum than Bitcoin, which would normally be 4–6x larger in such portfolios. This is the institutional supercycle, and ETH is clearly the institutional darling.” At press time, ETH traded at $1,949. Featured image created with DALL.E, chart from TradingView.com

Ethereum is struggling to hold the $2,000 level as persistent selling pressure continues to weigh on the broader crypto market. Price action remains fragile, with volatility elevated and investor sentiment cautious following weeks of downside momentum across major digital assets. While the macro backdrop remains uncertain, recent on-chain data suggests that market positioning may be evolving beneath the surface rather than simply deteriorating. Related Reading: Ethereum Supply on Exchanges Mirrors 2016 Levels: What Happens Next? A recent CryptoQuant report highlights a notable shift in Ethereum exchange flows. Netflow data over the past several days shows a clear acceleration in withdrawals from centralized exchanges. This trend typically indicates that investors are moving assets into private wallets, staking platforms, or long-term storage solutions. Reducing the immediately available supply for spot selling. Such behavior can reflect either defensive positioning during volatility or early signs of accumulation. However, interpreting these flows requires caution. Exchange withdrawals alone do not automatically imply bullish conviction. As funds may also be repositioned within DeFi or collateralized for leveraged strategies. Still, the current pattern suggests that a portion of market participants is opting to reduce liquid exposure while Ethereum tests a critical psychological support zone, leaving the market at an important inflection point. Exchange Outflows Suggest Positioning Shift Across all major exchanges, net Ethereum outflows have surpassed 220,000 ETH, marking the largest wave of withdrawals since last October. This magnitude of movement typically reflects a meaningful shift in positioning, with investors transferring assets away from trading venues toward private wallets, custody solutions, or long-term storage protocols. Historically, such behavior has been associated either with accumulation phases or with precautionary risk reduction during periods of heightened volatility.   Binance accounted for a significant portion of this activity. On February 5 alone, daily net outflows reached roughly -158,000 ETH. This is the largest withdrawal event on the platform since last August. Given Binance’s role as the deepest liquidity hub in the market, the concentration of withdrawals there suggests that institutional and high-volume participants may be actively adjusting exposure rather than retail-driven flows alone. These outflows occurred while Ethereum traded within the $1,800–$2,000 range, a zone many market participants appear to view as a potential repositioning area after the recent correction. Reduced exchange balances generally translate into lower immediately available sell-side supply, which can provide short-term structural support. However, sustained price stabilization will likely require confirmation through improving momentum, renewed capital inflows, and broader risk appetite across the crypto market. Related Reading: Ethereum Crash Below $2,000 Triggers Record Token Movement: Hinting At Capitulation Ethereum Tests Critical Support After Sharp Breakdown Ethereum is currently trading near the $2,000 level after a decisive breakdown from the $2,800–$3,000 consolidation range, confirming a shift toward a bearish market structure. The chart shows a clear rejection from the declining short-term moving average, followed by an accelerated sell-off that pushed price toward a major psychological support zone. This level has historically acted as both resistance and support, making its defense crucial for short-term stability. Volume expansion during the latest drop suggests forced selling rather than gradual distribution. This type of spike often reflects liquidation cascades, risk reduction from leveraged positions, or systematic portfolio rebalancing. However, elevated volume alone does not confirm a bottom; it only signals heightened market stress. Related Reading: Bitcoin At $65K: Market Cycle Indicator Points To Possible Bottom Zone From a trend perspective, Ethereum remains below all key moving averages, which are now sloping downward. This configuration typically indicates continuation risk unless price quickly reclaims the $2,400–$2,600 region. Failure to do so increases the probability of a deeper retracement toward the $1,600–$1,800 range, where previous accumulation occurred. Ethereum appears to be transitioning from corrective weakness into a structurally fragile phase, with market participants closely watching whether the $2,000 level holds or becomes resistance. Featured image from ChatGPT, chart from TradingView.com 

Ethereum price started a recovery wave above $2,000. ETH is now consolidating and remain at risk of another decline below $1,980. Ethereum struggled to extend gains above $2,120 and corrected lower. The price is trading below $2,050 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,120 zone. Ethereum Price Dips Again Ethereum price managed to form a base above $1,950 and started a recovery wave, like Bitcoin. ETH price traded above the $1,980 and $2,020 resistance levels. The pair even spiked above $2,140. A high was formed at $2,168, and the price is now moving lower. There was a drop below $2,050. The price tested the 38.2% Fib retracement level of the upward move from the $1,745 swing low to the $2,168 high. Ethereum price is now trading below $2,050 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,000, the price could attempt another increase. Immediate resistance is seen near the $2,050 level. There is also a contracting triangle forming with resistance at $2,040 on the hourly chart of ETH/USD. The first key resistance is near the $2,065 level. The next major resistance is near the $2,120 level. A clear move above the $2,120 resistance might send the price toward the $2,165 resistance. An upside break above the $2,165 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,280 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,065 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,950 zone or the 50% Fib retracement level of the upward move from the $1,745 swing low to the $2,168 high. A clear move below the $1,950 support might push the price toward the $1,900 support. Any more losses might send the price toward the $1,850 region. The main support could be $1,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,000 Major Resistance Level – $2,065