#Ethereum (ETH) Price News & Insights Today 10-2-2026 - Technical analysis of #ETH, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of February 10, 2026, Ethereum (ETH) is facing significant downward pressure, struggling to maintain the psychologically critical $2,000 level. Following a sharp sell-off earlier in the week, the asset reached intraday lows as low as $1,994, reflecting a roughly 5-6% decline on the day. While the broader market, including Bitcoin, is experiencing a "risk-off" mood, Ethereum’s losses have been more aggressive, with the asset down over 60% since its all-time high recorded last August.
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Ethereum Insights
-"Staring into the Abyss": Analysts describe the current trend as firmly controlled by bears, with consolidation failing to lead to a true recovery yet.
-MegaETH Launch: The MegaETH mainnet went live today, February 10, aiming to solve long-standing scalability hurdles. Developers hope this launch will eventually shift sentiment from the current "Extreme Fear" (Fear & Greed Index at 9) toward long-term optimism.
-Bottom Signals: Some analysts, including Michaël van de Poppe, suggest the current panic may indicate a market bottom, noting record highs in daily active addresses and transactions despite the disappointing price performance.
-Short-Term Outlook: Near-term targets remain split; bullish technical recoveries aim for $2,400–$2,500 by March 2026, while bearish breakdowns could see prices test lower support at $1,733 or even $1,515.
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