ETHUSD surged more than $150 following the footsteps of Bitcoin. It is now trading close to $1956.80; its intraday high of $1961.
Net accumulating 8.91 million ETH (~9M overall added) from January 27–Feb. 6, 2026, Ethereum whales showed great conviction. Holdings rose from 104.48M to 113.39M ETH (~$18–18.7B at roughly $2,100 average price), absorbing supply as retail panicked amid a 43% collapse and $7.17B leverage flush (OI from $15.9B to $8.73B). Long-term HODLers flipping net positive (e.g., +9,454 ETH on Feb 24) and dwindling exchange reserves indicate supply squeeze and structural bottom; ETH up 3.4% on Feb 25, eyeing $3,000+ on continued buying; however, ETF outflows/macro risks remain.
|
Technicals |
CMP -$1956 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$1882 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$1931 |
CMP > 200- EMA |
Bullish |
|
365- EMA |
$1998.90 |
CMP < 365 EMA |
Bearish |
Major support- $1700/$1500. Minor bullishness only above $2050. Any violation above targets $2300/$2380/$2500.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
170.49 |
|
ADX |
Bullish |
Strength increased from 25.46 to |
It is good to buy above $2050 with SL around $1800 for a TP of $2380/$2500.


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