$ETH As of February 19, 2026, Ethereum (ETH) is trading at approximately $1,965.40, reflecting a volatile period where the asset has struggled to maintain support above the psychological $2,000 level. While recent on-chain data shows record-high staking participation—with over 30.7% of the total supply now locked—price action remains heavy due to broader market caution and the lack of immediate catalysts.
The market is currently characterized by "Extreme Fear" (Index: 9). Analysts note a bearish alignment across most timeframes, with immediate support sitting at $1,941 and a deeper floor potentially at $1,754.
A symbolic milestone was recently reached where cumulative historical deposits into the staking contract crossed 50% of total issuance, though active staking is closer to 37 million ETH (~31% of current supply). This "supply crunch" is viewed as a long-term bullish structural factor.