#Ethereum (ETH) Price News & Insights Today 9-2-2026 - 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 9, 2026, Ethereum (ETH) is trading between $2,018 and $2,108, showing signs of cautious recovery after a highly volatile weekend. While it recently reclaimed the $2,100 level, the market remains on high alert as the asset fights to maintain support above the psychologically critical $2,000 "death zone."
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Ethereum Insights
-MegaETH Mainnet Launch: The high-performance Layer-2 project MegaETH officially released its public mainnet today, aiming to process over 100,000 transactions per second (tps) to make Ethereum apps feel instant.
-Institutional Accumulation: Despite price weakness, BitMine Immersion Technologies announced it acquired over 40,600 ETH in the past week, bringing its total treasury to 4.33 million ETH (roughly 3.58% of the total supply).
-ETF Outflows vs. Whale Buying: While spot Ethereum ETFs have seen inconsistent flows and recent withdrawals, on-chain data shows whales accumulated nearly 4 million ETH throughout January and early February, signaling long-term institutional confidence.
-ETH/BTC Ratio: Technical analysts note that Ethereum is nearing a critical breakout point against Bitcoin, potentially ending years of consolidation beneath a descending trendline.
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