Feb 12, 2026
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BEARISH 📉 : Ethereum Drops Below $2,000 Amid Broader Market Selling Pressure
Ethereum has fallen below the $2,000 level, indicating increased selling pressure in the crypto market. This places ETH in a vulnerable position, with market sentiment likely to worsen as traders reassess risk and liquidity conditions tighten.
- CryptoQuant's report highlights "accumulating addresses," which hold around 27 million ETH, about 23% of the circulating supply, suggesting strong hands despite volatility.
- ETH is trading below the Realized Price of accumulating addresses, a rare occurrence historically linked to market stress.
- Current conditions may signal either undervaluation or ongoing macroeconomic challenges.
Ethereum's price shows weakness on the weekly chart, struggling to maintain above key moving averages and falling under mid-cycle support levels.
- Volume patterns indicate distribution, with sell-offs marked by increased activity, often linked to risk reduction.
- If buyers do not reclaim the $2,000 mark soon, prices could drop to $1,600–$1,700, previous high-volume nodes.
- A recovery above $2,000 could improve sentiment, indicating a temporary leverage-driven decline rather than a long-term downtrend.
Overall, Ethereum's short-term outlook hinges on macro liquidity shifts and derivatives market dynamics.