Today, February 7, 2026, Ethereum is showing signs of a volatile recovery after a brutal week. After crashing to a low near $1,755, it has climbed back above the $2,000 psychological barrier, currently trading around $2,040–$2,060. While the short-term momentum is bullish (+8–11%), the broader trend remains fragile as it stays below major daily moving averages.

Possible Next Move

The most likely scenario is a period of consolidation. ETH is caught between a "relief rally" and heavy overhead resistance. If it can hold above $2,000 for a daily close, we may see a push toward the $2,125–$2,200 range. However, if Bitcoin loses its footing or institutional outflows continue, a retest of the recent $1,800 lows is highly probable before any sustained uptrend.

Pro Tip: Watch the $2,125 level closely. Professional traders often view a failure to break this level as a signal to "short" or sell back down to the support levels.
#BuyTheDipOrWaitNow? $ETH ‌