ETH Fights Back! Reclaiming $2,000 as Whale Activity Surges. đłđ
What a rollercoaster Monday! Today, February 16, 2026, Ethereum (ETH) faced a sharp 5% intraday drop that tested the nerves of every holder. After hitting a low of $1,970, ETH is fighting hard to close the day above the crucial $2,000 psychological barrier.
âTonightâs Market Debrief:
âđ The Whale Rebound: On-chain data reveals a fascinating "fake-out." Large addresses (holding 100k - 1M ETH) sold heavily earlier this week but have just bought back nearly $2.6 billion worth of ETH in the last 48 hours. This "buy the dip" behavior suggests the big players aren't ready to let go of the $2,000 floor just yet.
âđ ïž Glamsterdam Focus: Despite the price chop, the excitement for the Glamsterdam upgrade remains the primary long-term driver. Its focus on MEV fairness and Execution-layer efficiency is being viewed as the "safety net" for Ethereum's valuation during this volatile February.
âđŻ The $2,100 Hurdle: Tonight, our eyes are on the $2,107 level. This was our local high on Saturday, and breaking above it would confirm that today's dip was just a "liquidity grab" before a move toward $2,240.
âHow are you closing your Monday?
đ Confident - I bought the $1,970 dip today.
đĄïž Cautious - Watching the $2,000 close very closely.
đ§ Patient - Staking my ETH and ignoring the noise.
âđ Did you catch today's dip under $2,000? Let's discuss today's volatility below! đŹ
ââ ïž Disclaimer: This is not financial advice. Crypto markets are volatile. Always DYOR (Do Your Own Research) before investing. đ
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