Ethereum ($ETH) Crypto Forecast: Down 5.0% Today

What is Ethereum?

Ethereum (ETH) is a prominent cryptocurrency token known for its smart contract functionality and decentralized applications. Today, ETH experienced a significant bearish movement in the market.

Why is Ethereum going down?

ETH crypto is down 5.0% on Feb 11, 2026 4:55

• The launch of a new testnet on a popular trading platform may have directed attention and investment away from ETH, impacting its price negatively.
• An increase in short positions on Ethereum alongside significant accumulation by large investors suggests a mix of uncertainty and potential profit-taking in the market.
• The establishment of specific price levels under $2K as crucial long-term areas of demand potentially led to selling pressure as investors sought to take advantage of probable support levels.
• The general pessimistic sentiment in the cryptocurrency market, exemplified by another cryptocurrency's decline, could have additionally influenced ETH's downward trend as investors possibly sought refuge in more stable assets amid market fluctuations.

ETH Price Chart

ETH Technical Analysis

ETH News

Robinhood Chain Testnet Goes Live on Arbitrum

Robinhood is testing its own Arbitrum‑based Ethereum layer‑2, deepening its push into tokenized stocks and DeFi infrastructure alongside other major exchanges.

https://cointelegraph.com/news/robinhood-launches-ethereum-layer-2-testnet-for-tokenized-assets

Ethereum Price Forecast: Whales buy the dip amid rising short bets

Following one of Ethereum's (ETH) largest weekly drawdowns, whales are slowly returning to action alongside a drop in retail selling pressure.

https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-whales-buy-the-dip-amid-rising-short-bets-202602102318

Crypto Miner Canaan Shares Sink 7% Despite Strong Q4

Canaan's fall on Tuesday sent its share price to $0.56, falling further from the $1 it must reclaim by July to avoid a potential Nasdaq delisting.

https://cointelegraph.com/news/crypto-miner-canaan-shares-fall-on-q4-report

Sub-$2K ETH Price Levels Emerge As Key Long-Term Demand Zones

ETH's market structure and fractal analysis from 2021 and 2024 provide insights where significant buy demand may exist. Currently, it's on the downside.

https://cointelegraph.com/news/large-demand-zone-below-dollar2k-eth-price-gives-signal-on-where-ether-may-go

XRP Down 12% In A Week: What Is Going On?

XRP ( CRYPTO: XRP ) is down 12% over the past week, but a combination of technical signals, improving volume dynamics, and expanding institutional interest suggests momentum could be turning.

https://www.benzinga.com/crypto/cryptocurrency/26/02/50516157/xrp-down-12-in-a-week-what-is-going-on

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Ethereum Price History

11.01.2026 - ETH Crypto was down 5.0%

• The launch of a new testnet on a popular trading platform may have directed attention and investment away from ETH, impacting its price negatively.
• An increase in short positions on Ethereum alongside significant accumulation by large investors suggests a mix of uncertainty and potential profit-taking in the market.
• The establishment of specific price levels under $2K as crucial long-term areas of demand potentially led to selling pressure as investors sought to take advantage of probable support levels.
• The general pessimistic sentiment in the cryptocurrency market, exemplified by another cryptocurrency's decline, could have additionally influenced ETH's downward trend as investors possibly sought refuge in more stable assets amid market fluctuations.

06.01.2026 - ETH Crypto was up 13.2%

• A high-profile purchase of a Bored Ape NFT by a renowned individual, resulting in a significant decrease in its value, showcases the unpredictable nature of NFT investments, potentially impacting the wider crypto market.
• Market disruptions affecting treasuries, ETFs, and mining infrastructure due to crypto market fluctuations might have prompted investors to seek refuge in Ethereum, aiding in its upward price movement.
• Observations of significant liquidations by a well-known cryptocurrency exchange on crypto-backed loans during recent drops in Bitcoin and Ethereum prices could have sparked increased interest in alternative cryptocurrencies such as Ethereum, pushing its value higher.
• The decision of an investment firm to liquidate Coinbase shares following a decline in Bitcoin prices could signify a pivot towards other digital assets like Ethereum, potentially enhancing its market performance.

08.01.2026 - ETH Crypto was up 5.3%

• Despite a recent sharp decline in value, Ethereum saw a significant bullish movement today, indicating a potential reversal in its price trend.
• The market volatility in cryptocurrencies, including Ethereum, has been influenced by various factors such as dramatic price fluctuations, celebrity NFT purchases, and liquidations in crypto-backed loans.
• The news of a significant loss on an NFT purchase by a prominent figure highlights the cooling interest in NFTs and potentially redirects attention back to more traditional cryptocurrencies like Ethereum.
• The sell-off in treasuries, ETFs, and mining infrastructure due to crypto downturns showcases the interconnectedness of various sectors within the digital asset market, impacting Ethereum's price movements.

08.01.2026 - ETH Crypto was up 5.0%

• ETH experienced a strong bullish movement today, potentially due to a combination of factors:
• The overall market sentiment shifting positively as Bitcoin stabilized around $60K, leading to a rebound in various cryptocurrencies including ETH.
• Attention was brought back to the Ethereum ecosystem and NFT market following a notable NFT purchase by Justin Bieber, despite its devaluation.
• Triggered by liquidations in Coinbase's crypto-backed loans amidst the recent plunge in Bitcoin and Ethereum prices, a short squeeze may have propelled ETH prices higher.
• Investors may have turned to major cryptocurrencies like ETH for more stability and growth potential, as a sell-off affected treasuries, ETFs, and mining infrastructure in the crypto space.

10.01.2026 - ETH Crypto was down 5.5%

• ETH saw a significant decrease in value likely influenced by the prevailing market sentiment and cautious approach in the cryptocurrency industry.
• Discussions surrounding Ethereum's potential synergy with AI by Vitalik Buterin might have generated interest, but it wasn't enough to counteract the broader market trend.
• XRP's downturn and the varied responses to Coinbase's Super Bowl commercial underscore the uncertainties and obstacles in the current crypto environment.
• Despite investments flowing into Bitcoin and Ethereum ETFs, the market as a whole is struggling to stabilize, contributing to the bearish movement of ETH.

06.01.2026 - ETH Crypto was up 11.4%

• Record liquidations on Coinbase amid Bitcoin and Ethereum plunge may have initially contributed to negative sentiment, but the rebound in Bitcoin and Ethereum prices led to a positive market movement.
• Cathie Wood's Ark Invest dumping Coinbase shares amidst Bitcoin's slide could have caused some initial selling pressure, but the overall market sentiment turned bullish with Bitcoin stabilizing.
• Despite concerns about Ether slipping below $1.4K based on technical and onchain data signals, the resilience of Ethereum's price above $1,900 and the rebound in the broader crypto market helped ETH maintain its bullish momentum.
• The rebound in Bitcoin, Ethereum, and XRP amid a risk-off environment and a $2.6 billion liquidation wave suggests that market participants regained confidence, leading to the bullish movement in Ethereum today.

06.01.2026 - ETH Crypto was down 5.4%

• ETH faced a bearish movement as it struggled to break above the $2,000 resistance level, leading to a drop below $1,900.
• Trend Research reducing its Ether exposure and liquidation risk rising below $1,700 likely added selling pressure on ETH.
• The overall crypto market sentiment turned to Extreme Fear (5) as Bitcoin and other cryptocurrencies like Dogecoin also experienced significant declines.
• Despite the market downturn, Metaplanet CEO's decision to stick with Bitcoin accumulation plan amidst stock and crypto slumps shows confidence in the long-term potential of cryptocurrencies.

06.01.2026 - ETH Crypto was down 11.3%

• ETH plunged below $2,000 as funding rates turned negative.
• The wider crypto market, including Bitcoin and Ripple, also saw significant declines to multi-month lows.
• The CEO of Metaplanet remains committed to the company's Bitcoin accumulation plan, indicating long-term confidence in the crypto market.
• The market sentiment appears pessimistic, with publicly traded crypto treasury firms facing losses as Bitcoin and Ethereum continue to decline.

06.01.2026 - ETH Crypto was down 10.3%

• Ethereum (ETH) drops below $2,000, marking a 30% decline over the past week, in line with the overall bearish trend in the cryptocurrency market.
• Publicly traded crypto treasury firms, including those holding Ethereum, are facing losses as the prices of Bitcoin and Ethereum continue to dive.
• Negative funding rates and overall market sentiment are contributing to the downward pressure on Ethereum's price.
• The stock price of a firm holding Ethereum hits a seven-month low, reflecting significant paper losses incurred during this market downturn.

05.01.2026 - ETH Crypto was down 14.1%

• ETH faced a strong bearish movement, dropping below $2,000 and losing about 30% of its value over the past week.
• The negative price action can be attributed to deteriorating technical and on-chain signals, as well as high transfer counts indicating increased selling pressure.
• Publicly traded crypto treasury firms, including BitMine Immersion Technologies, are facing significant losses due to Ethereum's decline, further impacting market sentiment.
• The overall crypto market sentiment remains bearish as Bitcoin and other major cryptocurrencies also face downward pressure, contributing to ETH's price plunge.

06.01.2026 - ETH Crypto was down 6.6%

• Ethereum (ETH) dropped below $2,000, marking a significant decline of about 30% over the past week.
• The broader crypto market sentiment turned to Extreme Fear (5) as Bitcoin also experienced a sharp drop to $65,000, with liquidations hitting $2.60 billion in the last 24 hours.
• Negative funding rates returning to the Ethereum market might have contributed to the bearish movement, indicating increased selling pressure and lack of confidence among investors.
• Despite the downturn, Metaplanet CEO's commitment to Bitcoin accumulation plan amidst the market slump suggests a long-term bullish outlook for cryptocurrencies.

06.01.2026 - ETH Crypto was up 5.6%

• Despite bearish signals indicating a potential slip in Ether's price, the cryptocurrency managed to have a strong bullish movement recently.
• Cathie Wood's Ark Invest dumping Coinbase shares amid Bitcoin's slide may have initially raised concerns about the overall market sentiment, but Ethereum defied the odds and surged.
• The rebound of Bitcoin and Ethereum amid a risk-off environment and a $2.6 billion liquidation wave suggests that investors are regaining confidence in the market, leading to the bullish movement of ETH.
• Trend Research reducing its Ether exposure due to liquidation risks below $1,700 could have initially put pressure on Ethereum's price, but the resilience of the token prevailed, showcasing strong investor interest and support.