Ethereum has just reached a major psychological milestone. At 03:56 AM (UTC) on February 9, 2026, ETH officially crossed the 2,100 USDT mark, currently trading at approximately 2,101.64 USDT.

While this represents a modest 0.98% increase over the last 24 hours, the significance lies in the recovery strength shown after last week's dip to the $1,900 level.

Technical Breakdown: What’s Next? 📈

Now that the $2,100 level has been breached, all eyes are on the next resistance zones. Here is the current roadmap for traders:

  • Immediate Resistance: Analysts point to $2,120 and the 100-hourly Simple Moving Average (SMA).

  • The Bullish Target: A clear break above $2,240 could ignite a fresh rally toward the $2,350–$2,550 zone.

  • Critical Support: The previous resistance at $2,000 has now turned into a must-hold support level to maintain this upward momentum.

Market Sentiment 🌊

The "Fear & Greed" index is shifting as derivatives traders flip bullish.

  • Funding Rates: Funding rates on major exchanges like BitMEX have hit their highest levels since October (0.049%), indicating heavy long exposure.

  • The Whale Move: Interestingly, this breakout comes despite Ethereum co-founder Vitalik Buterin reportedly offloading about 2,961 ETH earlier today, a move the market seems to have absorbed without losing steam.

The Strategy 🛡️

The narrowed 24-hour gain suggests a period of consolidation. This is often the "calm before the storm" where the market decides whether to push for a new high or re-test the $2,000 floor.

Are you long on ETH for the $2,500 run, or are you waiting for a deeper re-test? 👇

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