$ETH As of February 7, 2026, Ethereum (ETH) is facing significant downward pressure, trading at approximately $2,048. The market is currently testing its absorption capacity as major holders and trading firms face liquidations. Notably, the trading firm Trend Research recently incurred a $686 million loss after its $2 billion leveraged long position unraveled as ETH slid below $1,750 earlier this week.

Analysts view February as a "high-stakes test" for Ethereum. While historical data since 2016 shows a median February return of +15%, current bearish momentum and the lack of immediate growth catalysts suggest the market may instead target a stabilization range between $2,000 and $2,500 as it digests recent liquidation pressure.

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ETH

1,918.31

-0.66%