$ETH Ethereum (ETH) is currently trading around $1,995–$2,070 USD (as of late February 26, 2026), reflecting high volatility in the past 24 hours with a recent rebound followed by some pullback.
After dipping toward the mid-$1,700s earlier this month—marking a capitulation low—ETH staged a sharp 10–20% relief rally, climbing above $2,000 at points before facing resistance. Whales have shown accumulation interest, with notable large buys (e.g., millions in ETH withdrawn or purchased via borrowing), suggesting some bottoming behavior amid leverage flush-outs. However, on-chain signals remain mixed, with holders still realizing losses in places.
Technically, ETH sits at a critical crossroads: the broader structure is still corrective within a downtrend (series of lower highs since late 2025), and momentum indicators show early bullish divergence (e.g., RSI higher lows despite price lows). Key levels to watch:
Support: $1,900–$1,800 (recent defense zone); break below risks $1,600–$1,700.
Resistance: $2,100–$2,300; a sustained break could target $2,500+ Fibonacci zones for a potential trend shift.
While the rebound looks promising and risk sentiment has improved slightly, many analysts view it as a dead-cat bounce or short-term relief rather than a full reversal—unless ETH clears ~$3,000 decisively. Upcoming upgrades like "Glamsterdam" could provide tailwinds, but macro factors and altcoin underperformance keep caution high.
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