#Ethereum (ETH) Price News & Insights Today 6-2-2026 - 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 $1,952.39 as of February 6, 2026, reflecting a volatile day where prices rebounded from an intraday low of $1,751.15. Despite this minor relief rally, the asset remains under significant pressure, having dropped roughly 30% over the past week and nearly 60% from its July 2025 peak.
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Ethereum Insights
-Capitulation Sentiment: The "Crypto Fear & Greed Index" has plummeted to 9/100 (Extreme Fear), levels not seen since the 2022 market downturn. Forced liquidations and continued spot ETF outflows—now in their third consecutive month—are primary drivers of the current rout.
-Whale Activity vs. Retail: While "whales" (large holders) accumulated nearly 4 million ETH throughout January, institutional conviction appears to be waning, with tactical rebalancing favoring derivatives over spot demand.
-Significant Sell-offs: The investment vehicle Trend Research reportedly transferred over 411,000 ETH to Binance recently to manage liquidation risks and pay back loans, further increasing sell-side pressure.
-Technical Resistance: ETH is currently trading well below all major moving averages. Analysts note heavy resistance levels at $2,800 and $3,000, while a failure to hold current levels could see a further slide toward the $1,600 support zone.
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