$ETH
Ethereum (ETH) is currently in the middle of a massive structural reset. As of February 8, 2026, the world’s second-largest cryptocurrency is attempting to find a floor after a "capitulation event" that saw prices drop to levels not seen since early 2025.
## Current Market Analysis (February 8, 2026)
Following a brutal sell-off that bottomed near $1,740 on February 6th, ETH has staged a high-volume relief bounce back above the $2,000 psychological level. The recovery coincides with Bitcoin’s attempt to reclaim $70,000, but ETH remains much more volatile.
## Strengths & Risks
AI Insight: Ethereum is currently a "Fundamental vs. Price" divergence. On-chain activity is at an all-time high—with active addresses hitting a record 693,000 (30-day average)—yet the price is trading 50% below its 2025 highs. This "network-value" gap typically precedes a significant macro reversal.
Strengths:
Record Network Usage: Transfer counts have hit a record 1.1 million daily. The network is busier than ever, even if the price doesn't yet reflect it.
Oversold RSI: The daily RSI hit 15-20 during the crash, a level that has historically triggered a "V-shaped" recovery in 2018 and 2021.
Risks:
Heavy Overhead Resistance: The previous support at $2,800 – $3,000 has now flipped into a massive "supply zone." ETH will likely need several weeks of consolidation before it can challenge those levels.
Macro Headwinds: The nomination of "hard money" advocates to the Fed has strengthened the USD, making high-beta assets like ETH less attractive to institutional "risk-off" capital.#ETH #XRP #bnb #BTC #ET