Ethereum has faced intense selling pressure in recent sessions, with price action struggling to stabilize as broader market weakness persists. The asset has revisited the $2,100 zone, a level now being closely monitored by traders attempting to identify potential demand. Despite occasional relief bounces, momentum remains fragile, reflecting ongoing uncertainty across both derivatives and spot markets. Related Reading: Are We Near A Bitcoin Bear Market Bottom? History Offers A Framework A recent CryptoQuant report highlights a notable shift in investor behavior, particularly among US-based participants. The Ethereum Coinbase Premium Index, measured on a 30-day moving average, has dropped to its lowest level since July 2022. This metric compares ETH pricing on Coinbase—often considered a proxy for U.S. institutional flows—against global exchange benchmarks such as Binance. Sustained negative readings typically indicate stronger selling pressure from US entities relative to the broader market. This development suggests that institutional demand may currently be subdued, with some investors reducing exposure amid volatile macro conditions and declining crypto risk appetite. Historically, such deep negative premiums have appeared during periods of market stress, sometimes preceding stabilization phases, though not consistently signaling immediate bottoms. Coinbase Premium Signals Weak Institutional Demand The report notes that the last time the Ethereum Coinbase Premium 30-day moving average reached similarly negative territory was during the deepest phase of the 2022 bear market. Such readings historically reflect a material imbalance between US and global demand, with American investors either actively reducing exposure or remaining on the sidelines. Given the importance of US institutional flows in past crypto rallies, this absence of demand could limit the probability of a sustained near-term recovery. At the same time, the signal is not purely bearish. Extreme negative premiums have often appeared during capitulation phases, when aggressive sellers exhaust available supply. Under those conditions, the market can stabilize as selling pressure fades, even before new inflows fully materialize. This dynamic makes the indicator context-dependent rather than a standalone directional signal. From a technical standpoint, the $2,100 level now carries clear psychological and structural significance. Holding this zone would suggest that demand is beginning to absorb supply despite negative sentiment. However, a durable trend reversal typically requires confirmation from spot demand metrics. A normalization—or eventual return to positive territory—in the Coinbase Premium would indicate renewed institutional participation. Related Reading: Ethereum Transfer Surge Mirrors 2018 And 2021 Peaks – What Happens Next? Ethereum Tests Critical Support As Downtrend Intensifies Ethereum price action on this daily chart reflects a clear deterioration in market structure following the rejection from the $4,000–$4,800 distribution zone seen in late 2025. Since then, ETH has transitioned into a sustained downtrend characterized by lower highs, persistent selling pressure, and repeated failures to reclaim key moving averages. The most recent breakdown below the $2,300 region accelerated bearish momentum, with price now testing the psychological $2,100 support area. This level carries technical relevance because it previously acted as a consolidation zone during earlier phases of the cycle. However, the sharp decline toward it, combined with rising sell-side volume, suggests that market participants are still in risk-reduction mode rather than accumulation. Related Reading: Bitcoin Unrealized Losses Reach 22% – Still No Capitulation Phase Moving averages reinforce the bearish bias. The short-term average has crossed below the medium-term line, while the price remains well under the long-term trend indicator. This confirms structural weakness. Unless ETH can quickly reclaim the $2,400–$2,600 range, rallies are likely to be viewed as relief bounces rather than trend reversals. If $2,100 fails decisively, the next meaningful support could emerge closer to the $1,800–$1,900 zone, where historical demand previously stabilized price action. Featured image from ChatGPT, chart from TradingView.com
Ethereum price extended its decline below $2,000 and $1,950. ETH is now attempting to recover from $1,750 but faces many hurdles near $2,200. Ethereum failed to stay above $2,000 and started a fresh decline. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,200 zone. Ethereum Price Dips Over 15% Ethereum price failed to remain stable above $2,200 and extended losses, like Bitcoin. ETH price traded below $2,000 to enter a bearish zone. The bears even pushed the price below $1,880. A low was formed at $1,744 and the price is now attempting to recover. There was a move above $1,850. The price surpassed the 23.6% Fib retracement level of the downward move from the $2,341 swing high to the $1,744 low. Ethereum price is now trading below $2,000 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,800, the price could attempt another increase. Immediate resistance is seen near the $1,950 level. The first key resistance is near the $2,050 level and the 50% Fib retracement level of the downward move from the $2,341 swing high to the $1,744 low. The next major resistance is near the $2,200 level. There is also a major bearish trend line forming with resistance at $2,200 on the hourly chart of ETH/USD. A clear move above the $2,200 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,665 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,050 resistance, it could start a fresh decline. Initial support on the downside is near the $1,850 level. The first major support sits near the $1,800 zone. A clear move below the $1,800 support might push the price toward the $1,750 support. Any more losses might send the price toward the $1,720 region. The main support could be $1,680. 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 – $1,850 Major Resistance Level – $2,200
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
That target is “unrealistic” this year, but possible “over the long term” once negative sentiment reverses, according to the analysts.
BitMine faces $8B paper loss as Ethereum falls below $2,000 while the stock drops 88% from its peak amid mounting investor pressure.
The post BitMine’s ETH stack plunges into $8B loss as Ethereum drops below $2K appeared first on Crypto Briefing.
Recently, the shift toward a “risk-off” sentiment is largely driven by a more hawkish U.S. Federal Reserve, with the potential for higher-for-longer interest rates strengthening the U.S. Dollar. As a result, the dollar gains strength from $95.56 to $97.80 when writing. Since DXY rose, capital has typically exited speculative assets like Bitcoin and Ethereum and …
ETHZilla acquired 95 home loans for $4.7 million, with plans to tokenize the portfolio and generate annualized yield of around 10.36%.
Cryptocurrency markets extended their sharp decline on Thursday, with Bitcoin, Ethereum and XRP dropping to multi-month lows as institutional selling, heavy liquidations and weak market sentiment combined to push prices lower. Bitcoin fell below $69,000, slipping under its previous 2021 all-time high, while Ethereum dropped below $2,000 for the first time since May 2025. XRP …
Bitcoin, Ethereum, and XRP have all retreated to deep cycle lows, dragging the broader crypto market back to valuation levels not seen since late 2024, according to CryptoSlate's data. While price action across the board appears uniformly grim, with BTC heading below $70,000 and XRP recently trading around $1.35, sentiment toward the Ripple-linked token is […]
The post XRP defiant amid Bitcoin collapse as a massive institutional migration quietly shifts billions into Ripple appeared first on CryptoSlate.
The crypto market bears have strengthened since the start of the month as the top tokens, Bitcoin and Ethereum, have attracted significant selling pressure. While BTC price is feared to drop below $60,000, ETH is showing mixed but increasingly cautionary signals. Now that the Ethereum price is about to test one of the crucial support …
Vitalik Buterin called copy-paste EVM chains a ‘dead end,’ calling for differentiated, deeply connected designs.
The broader crypto market came under heavy pressure today as a sharp wave of crypto liquidations ripped through leveraged positions, dragging Bitcoin, Ethereum, and major altcoins lower within hours. Over $700 million in crypto positions were liquidated during the session, with long traders bearing the brunt of the damage. The speed of the move suggests …
BitMine Immersion Technologies, led by Tom Lee, is reporting over $7.4 billion in unrealized losses on its 4.285 million ETH holdings, bought at an average of $3,830 per coin, now worth below $2,100, while Ethereum has fallen below current levels. Despite these paper losses, the company continues its Ethereum treasury strategy, adding more ETH during …
Ethereum remains under heavy pressure, struggling to hold above the $2,300 level as selling dominates across the broader crypto market. After weeks of weakening structure, price action has failed to attract sustained demand, prompting many analysts to warn that further downside may still lie ahead. With risk appetite fading and leverage being unwound, attention is increasingly shifting from short-term rebounds to signals that could define the next phase of the cycle. Related Reading: Bitcoin Unrealized Losses Reach 22% – Still No Capitulation Phase A recent report from CryptoQuant highlights a notable development on the network side. The Ethereum Transfer Count (Total), smoothed by a 14-day Simple Moving Average, surged sharply to approximately 1.17 million on January 29, 2026. This abrupt and near-vertical rise in activity stands out against recent trends and has historically coincided with periods of heightened market stress rather than organic growth. While elevated network activity is often associated with adoption, sharp spikes of this magnitude tend to emerge during moments of extreme positioning—either distribution into strength or forced movement during volatility. In past cycles, similar transfer count surges appeared near major inflection points, often preceding meaningful price corrections. As Ethereum trades near multi-month lows, this spike raises a critical question for investors: Does the surge in on-chain activity reflect defensive repositioning ahead of another leg down, or is it the final phase of a broader reset? The answer may determine whether ETH stabilizes—or extends its decline. Transfer Count Spikes Echo Prior Cycle Turning Points The report explains that a retrospective look at Ethereum’s transfer count reveals a recurring and cautionary pattern. Spikes of the magnitude seen recently have only appeared at a handful of critical turning points in the network’s history. On January 18, 2018, a sharp surge in transfers marked the cycle peak, immediately followed by the start of a prolonged bear market. A similar event occurred on May 19, 2021, when a sudden jump in network activity coincided with a major market crash and a deep price correction. From an on-chain perspective, this context matters. While analysts often associate rising network activity with growing adoption, a parabolic surge in transfer counts near price peaks typically signals an overheated market. These spikes tend to occur during moments of extreme stress or euphoria, when large volumes of assets are moving simultaneously. In practice, this can reflect distribution, as long-term holders or institutional participants move funds toward exchanges to realize profits or peak volatility, where trading activity reaches a climax before momentum reverses. The current setup closely resembles those earlier episodes. Although the broader macro environment has changed since 2018 and 2021, the behavior of network participants appears strikingly similar. If historical patterns hold, Ethereum may be entering a high-risk zone where the probability of further downside increases. Consequently, traders and investors must exercise caution and monitor confirmation signals closely before assuming stability has returned. Related Reading: Bitcoin LTH Profit-Taking Collapses: Is Smart Money Done Selling? Bearish Weekly Structure Signals Ongoing Downside Risk Ethereum’s weekly chart shows a market that has decisively shifted from expansion to distribution. The price is now struggling to stabilize after losing the $2,300–$2,400 support zone. The latest breakdown pushed ETH back toward the $2,200 area, a level that previously acted as a pivot during earlier consolidation phases in 2024 and mid-2025. The inability to hold above this zone reinforces the idea that sellers remain in control on higher timeframes. From a trend perspective, ETH is trading below its short- and medium-term moving averages. Both of which have rolled over and are beginning to slope downward. This configuration typically reflects a loss of upside momentum and signals that traders sell into rallies rather than accumulate on dips. The long-term moving average near the mid-$2,400s has flattened. This suggests that the market is transitioning from trend to range, with downside risk still present. Related Reading: Ethereum Experiences Broad Long Squeeze Across Derivatives Exchanges: Can Bulls Hold $2,300? Elevated volume accompanied the recent sell-off, signaling conviction behind the move rather than a low-liquidity drift. Historically, similar volume spikes during downswings have preceded either deeper drawdowns or prolonged consolidation phases. ETH has also printed a sequence of lower highs since the peak above $4,800, confirming a broader bearish market structure. Unless price can reclaim and hold above the $2,400–$2,500 region, the path of least resistance remains sideways to lower. With the market likely probing for demand at lower support levels before any sustainable recovery can form. Featured image from ChatGPT, chart from TradingView.com
Over the past three days, Vitalik Buterin sold roughly 2,961.5 ETH, worth about $6.6 million, at an average price of $2,228 per coin, with selling still ongoing. On-chain data from his Gnosis Safe wallet shows repeated WETH outflows via CoW Protocol into tokens like USDC and GHO. The sales are a small portion of his …
Ethereum price extended its decline below $2,200 and $2,120. ETH is now attempting to recover from $2,075 but faces many hurdles near $2,220. Ethereum failed to stay above $2,250 and started a fresh decline. The price is trading below $2,200 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,255 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,320 zone. Ethereum Price Dips Further Ethereum price failed to remain stable above $2,250 and extended losses, like Bitcoin. ETH price traded below $2,200 to enter a bearish zone. The bears even pushed the price below $2,120. A low was formed at $2,073 and the price is now attempting to recover. There was a move above $2,120, but the price stayed well below the 23.6% Fib retracement level of the downward move from the $3,040 swing high to the $2,073 low. Ethereum price is now trading below $2,200 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance at $2,255 on the hourly chart of ETH/USD. If the bulls remain in action above $2,100, the price could attempt another increase. Immediate resistance is seen near the $2,200 level. The first key resistance is near the $2,250 level and the trend line. The next major resistance is near the $2,390 level. A clear move above the $2,390 resistance might send the price toward the $2,550 resistance or the 50% Fib retracement level of the downward move from the $3,040 swing high to the $2,073 low. An upside break above the $2,550 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,650 resistance zone or even $2,665 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,250 resistance, it could start a fresh decline. Initial support on the downside is near the $2,100 level. The first major support sits near the $2,075 zone. A clear move below the $2,075 support might push the price toward the $2,050 support. Any more losses might send the price toward the $2,000 region. The main support could be $1,880. 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 – $2,075 Major Resistance Level – $2,250
Ethereum (ETH) is entering a new phase in which long-held assumptions about scaling are being openly questioned. As spot Ethereum ETFs post their first net inflows after several days of outflows, and on-chain data shows renewed activity on the mainnet, Ethereum co-founder Vitalik Buterin is urging the ecosystem to rethink the role of layer-2 networks. Related Reading: Standard Chartered Cuts 2026 Solana Prediction To $250, Eyes $2,000 By 2030 Vitalik’s message is direct, Ethereum’s base layer is scaling fast enough that L2s are no longer essential as capacity providers, and their future value lies elsewhere. ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Ethereum Mainnet Scaling Changes the L2 Narrative In recent statements, Buterin said Ethereum’s original rollup-centric roadmap no longer reflects current conditions. Gas limit increases and protocol upgrades have expanded Layer 1 throughput while reducing fees, making direct mainnet usage more attractive. Data shows monthly active addresses on Ethereum L1 rising sharply, even as aggregate L2 usage has declined. This shift undermines the idea that L2s act as “Ethereum shards” that inherit full security and censorship resistance from the base layer. Many L2s have struggled to reach advanced levels of decentralization, often retaining centralized controls for operational or regulatory reasons. According to Buterin, a high-throughput chain connected via a multisig bridge does not scale Ethereum itself, because the trust assumptions differ. As Ethereum scales directly, L2s are no longer required to provide basic block space. That change, Buterin argues, should free developers from having to force L2s into a single definition. A Spectrum of L2 Designs and Native Rollups Rather than abandoning L2s, Buterin is reframing them as a spectrum. Some may be tightly secured by Ethereum, others may be partially connected, and some may be effectively independent systems that interoperate with Ethereum when needed. Transparency around trust and security guarantees is central to this approach. On the protocol side, Buterin highlighted progress toward native rollups. A proposed rollup precompile would allow Ethereum to verify zero-knowledge EVM proofs at the protocol level. Because it would be part of Ethereum itself, upgrades and bug fixes would be handled through normal network upgrades, reducing reliance on external governance structures and simplifying interoperability. ETF Inflows and Market Context The strategic pivot comes as institutional signals improve. Ethereum spot ETFs recorded a net inflow of about $14 million, led by BlackRock’s ETHA fund, marking a reversal after recent outflows. While short-term price action remains volatile, the return of ETF inflows suggests continued interest in Ethereum as its base layer strengthens. Related Reading: Bitcoin Drop Below $80,000 May Not Be The Final Capitulation Event, Checkonchain Says For L2 builders, the message is clear. Competing solely on lower fees is no longer enough. Future relevance will depend on specialization, whether through privacy-focused execution, application-specific chains, ultra-low-latency systems, or non-financial use cases such as identity and AI. Cover image from ChatGPT, ETHUSD chart on Tradingview
Ethereum co-founder Vitalik Buterin has signaled a fundamental shift in the blockchain’s roadmap that declares the era of the “branded shard” effectively over. On Feb. 3, Buterin argued that the industry’s previous “rollup-centric” vision no longer makes sense, citing faster scaling on the main Ethereum layer and the sluggish pace of decentralization among major rollups. […]
The post Vitalik Buterin takes shot at Coinbase’s corporate control of Base which dominates 60% of layer 2 income appeared first on CryptoSlate.
Major cryptocurrencies remained under pressure on Tuesday, as a Bitcoin-led selloff dragged the broader digital asset market lower. The total crypto market value fell to about $2.54 trillion, down over 3% in 24 hours, according to market data. Losses were led by Bitcoin, with Ethereum and XRP also declining sharply. Bitcoin Breakdown Sets the Tone …
Ethereum has seen a sharp sell-off that sent the price straight into a major demand zone near $2,150, which is now acting as the market’s last line of defense. Whether buyers step in here or fail to hold the line could determine if this move becomes a temporary liquidity flush or the start of a deeper trend shift. ETH Loses Key Support As Short-Term Momentum Turns Bearish Michael Van De Poppe noted that Ethereum has slipped below a crucial support zone, signaling increased short-term pressure. On the lower timeframes, price action has turned clearly bearish. However, zooming out to the higher timeframes, the broader structure remains intact, with ETH still trading within a larger uptrend. Related Reading: Ethereum Price Recovery Runs Into A Wall, Decline Risk Returns He pointed out that Ethereum likely marked its cycle low back in April 2025, suggesting the current weakness may be corrective rather than the start of a sustained bearish phase. At this stage, ETH appears to be searching for a higher-timeframe support level that could act as a base for a renewed move to the upside. Van de Poppe highlighted the 0.025–0.0265 BTC region as a key support zone on the ETH/BTC pair. Importantly, the recent correction has already retraced more than half of the move toward this level, increasing the likelihood that demand could step in around that range. On the upside, he added that a recovery above the 0.0325 BTC level. While less likely in the near term, it would be a strong signal that bullish momentum has returned and a continuation of the broader uptrend. Despite ongoing volatility, Van de Poppe remains confident that Ethereum will significantly outperform Bitcoin over time. Thus, he will continue to accumulate ETH at these levels. Sharp Sell-Off Drives Ethereum Into Major Demand Near $2,150 In a more recent update, Dami-DeFi pointed out that Ethereum failed to hold the rising support line near the $2,800 level, which he had previously identified as critical. This breakdown was confirmed on the daily timeframe, triggering a sharp sell-off that pushed the price swiftly into the next major demand zone around $2,150. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? If buyers manage to defend this level, the recent drop could be interpreted as a liquidity sweep followed by a market reset, rather than the start of a deeper downtrend. In that case, price action would likely shift into a choppy consolidation phase, with ETH rebuilding structure between $2,150 and $2,700. According to Dami-DeFi, a meaningful bullish shift only comes into play if Ethereum can reclaim $2,700 and then establish acceptance above $2,850. Until those levels are recovered and held, any upside attempts are likely to remain corrective, with the market still focused on whether demand can firmly step in at current levels. Featured image from Pxfuel, chart from Tradingview.com
Ethereum price is trading under pressure as on-chain data flashes a historically sensitive signal. In late january, Ethereum crypto’s total transfer count, smoothed by a 14-day SMA, surged to 1.17 million, a level previously associated with major market turning points. This sudden spike raises fresh questions about near-term risk. Ethereum Network Activity Reaches a Critical …
BitMine chairman Tom Lee said unrealized losses on the firm’s Ethereum treasury holdings are "a feature, not a bug."
Bitmine (BMNR) has faced criticism after reports showed an unrealized loss of about $6.6 billion on its Ethereum holdings amid a market downturn. Some traders warned that this could create future selling pressure and limit ETH’s price. Bitmine Chairman Tom Lee pushed back, saying these views misunderstand the purpose of an Ethereum treasury; it’s meant to …
Ethereum price extended its decline below $2,220 and $2,200. ETH is now attempting to recover from $2,000 but faces many hurdles near $2,250. Ethereum failed to stay above $2,300 and started a fresh decline. The price is trading below $2,265 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,350 zone. Ethereum Price Faces Resistance Ethereum price failed to remain stable above $2,320 and extended losses, like Bitcoin. ETH price traded below $2,220 to enter a bearish zone. The bears even pushed the price below $2,200. A low was formed at $2,107 and the price is now attempting to recover. There was a move above $2,220. The price tested the 23.6% Fib retracement level of the downward move from the $3,040 swing high to the $2,107 low. However, the bears are active near $2,265. There is also a major bearish trend line forming with resistance at $2,250 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,265 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,175, the price could attempt another increase. Immediate resistance is seen near the $2,250 level. The first key resistance is near the $2,265 level. The next major resistance is near the $2,460 level. A clear move above the $2,460 resistance might send the price toward the $2,575 resistance or the 50% Fib retracement level of the downward move from the $3,040 swing high to the $2,107 low. An upside break above the $2,575 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,680 resistance zone or even $2,700 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,265 resistance, it could start a fresh decline. Initial support on the downside is near the $2,200 level. The first major support sits near the $2,175 zone. A clear move below the $2,175 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,050 region. The main support could be $2,000. 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 – $2,175 Major Resistance Level – $2,265
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum founder Vitalik Buterin said the blockchain’s long-standing approach to scaling through layer-2 networks needs a rethink, as Ethereum’s core network grows faster than expected and many secondary chains struggle to meet earlier goals. In a detailed post, Buterin said two developments have weakened the original case for treating layer-2 networks, or L2s, as extensions …
Buterin previously championed a "rollup-centric" roadmap that would scale Ethereum through a network of branded shards.
After a brief recovery yesterday, the crypto market has turned red again. On Monday, prices moved higher after comments from US President Donald Trump, who said he supports crypto and believes the US must lead in digital assets or risk falling behind China. That statement helped lift market sentiment for a few hours. But the …
The rejection of $3000 has pushed the Ethereum (ETH) price into a strong bearish trajectory. The price is failing to secure an important range of around $2300, which has become a major resistance to break. Meanwhile, the bulls have been defending the pivotal support at $2,150, keeping the bullish possibilities alive. This may point towards …
Hougan said institutional ETF and digital asset treasury flows masked the severity of losses across much of the crypto market last year.