Feb 16, 2026
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BEARISH 📉 : Ethereum whales face losses similar to previous market bottoms
Ethereum is experiencing significant selling pressure, with its value dropping over 60% since October. Analysts warn of continued downside risks if liquidity conditions do not improve soon.
- On-chain data from CryptoQuant reveals Ethereum whales are holding positions at a loss, similar to levels near previous market bottoms.
- Large holders have been accumulating rather than selling, suggesting long-term conviction despite current losses.
- The report suggests that the market might be nearing a cyclical bottom, as whale positions align with late-stage corrective phases.
- Whales control large aggregate ETH balances but have not realized significant profits due to price reversals before distribution opportunities.
- Continued accumulation may indicate preparation for future rallies, though downside risks remain without demand and sentiment improvements.
Ethereum Tests Critical Long-Term Support Zone
- Ethereum's price has retraced toward the $2,000 level, a historical support and resistance zone.
- The breakdown below short-term moving averages indicates bearish momentum.
- Selling volume is elevated, indicating active distribution, but extreme capitulation has not occurred.
- Holding above the $1,800–$2,000 range may stabilize sentiment; a breakdown could lead to deeper support tests.