#ETHUnderPressure

Ethereum is currently under significant selling pressure and its market structure is disrupted. As of early February 2026, ETH has experienced a sharp decline in recent weeks and is testing critical support levels. Current Situation
Price: Fluctuating between ~$2,240 – $2,300 (although there has been a partial recovery in the last 24 hours, the overall trend is downward)
Recent Decline: 50%+ decline from the peak of ~$4,900 in August 2025
Market Sentiment: Extreme Fear (Fear & Greed Index ~14), high long liquidations (between $150M–$280M in recent days)
Main Technical Breakout and Support Levels
Broken Levels: $2,500 middle support, $2,623–$2,475 areas lost
Current Critical Support: $2,200 – $2,150 (historical accumulation area, around the 200-week MA, 78.6% Fib retracement)
Next Targets (if broken):
$2,000 psychological level (very close, 9–10%) (below)
$1,880 – $1,950 (deeper correction scenario)
Long-term risk: $950–$1,000 (lower limit of the 5-year range, low probability but being discussed)
Why So Much Pressure?
BTC falling below $80K → high beta effect on altcoins
Liquidation cascade (especially long positions)
Increased exchange inflow → sell/distribution signal from whales
Weak ETF flow + macro risk-off environment (Fed policies, general decrease in risk appetite)
Possible Scenarios
Short Term (Days–Weeks): If $2,200 holds, a reaction buy may come with oversold RSI + double-bottom formation → $2,500–$2,800 rebound target
Medium Term (February–March): If $2,200 is broken, a test of $2,000 is very likely; This could attract strong bottom buyers, but momentum is very weak.
Positive Reversal Signs: Increased volume + whale accumulation + macro relief → $3,500–$3,800 potential (long-term target)
In short:
$2,200 is currently the most critical defense line.
If it holds, a bottom hunting opportunity may arise.
If it breaks, $2,000 and below will be discussed.