#Ethereum (ETH) Price News & Insights Today 8-2-2026 - 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 8, 2026, Ethereum (ETH) is trading at approximately $2,084.54, reflecting a modest recovery of 1% over the last 24 hours. Despite this slight bounce, the asset remains in a significant short-term downtrend, having fallen roughly 14% over the past week and nearly 30% since the beginning of January 2026.
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Ethereum Insights
-Institutional Sentiment: While retail sentiment remains cautious, on-chain data shows steady whale accumulation throughout January and early February, with large holders adding nearly 4 million ETH to their control. However, inconsistent ETF flows and a lack of immediate growth catalysts continue to weigh on a sustained recovery.
-Network Developments: The Ethereum Name Service (ENS) announced on February 6, 2026, that its next-generation protocol, ENSv2, will remain on the Ethereum Layer-1 mainchain instead of moving to a dedicated Layer-2, reinforcing the primary network's utility.
-Major Liquidation Event: The trading firm Trend Research reportedly liquidated nearly its entire ETH holding, leaving only 0.165 coins as of February 8, 2026. This follows a massive $686 million loss sustained when their leveraged long positions collapsed as ETH dropped toward $1,750 earlier in the week.
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