#Ethereum (ETH) Price News & Insights Today 4-2-2026 - Technical analysis of #ETH, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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Ethereum (ETH) is trading at approximately $2,281 as of February 4, 2026, marking a modest 4.3% recovery today following a sharp market-wide sell-off earlier in the week. Despite today's gains, the asset remains down roughly 25% over the past seven days, having recently touched multi-year lows near $2,117. The broader market is currently navigating a period of "compression" and cautious stabilization after liquidations hit $679 million across the crypto space in 24 hours.
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Ethereum Insights
-L2 Roadmap Pivot: On February 3, 2026, Ethereum founder Vitalik Buterin sparked debate by stating the original "rollup-centric" vision for Layer 2s as the primary scaling solution is outdated.
-L1 Sovereignty: Buterin noted that Layer 1 (L1) is now scaling independently—with average transaction fees falling to $0.44 in January 2026—making the need for L2s as mere scaling "shards" less critical.
-Upcoming Upgrades: The network is preparing for two major hard forks in 2026. The Glamsterdam upgrade is expected to introduce parallel processing, potentially increasing the gas limit from 60 million to 200 million.
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