SINGAPORE, Feb 5, 2026, 21:04 (SGT)
- Ether slipped under 2,100 USDT, tumbling over 8% in the past 24 hours, deepening its steep decline from early February.
- The wider crypto selloff has mirrored risk-off sentiment, as analysts highlight concerns over tighter U.S. liquidity.
- Data reveals ether has lost over $100 billion in market value just in the last week.
Ether fell under 2,100 USDT on Thursday, hitting 2,096.25 USDT at 0407 GMT. It dropped 8.40% in the last 24 hours, according to Binance News. Binance
Crypto prices slipped again, still tracking broader risk appetite. Reuters linked the selloff to concerns that Kevin Warsh at the Fed could push for a smaller balance sheet, cutting liquidity that’s propped up speculative bets. “The market fears a hawk with him,” said Julius Baer’s Manuel Villegas Franceschi. Bitcoin slid to $69,858, while ether dipped nearly 2% to $2,090 in that update. Reuters
Data from CoinGecko showed ether trading near $2,058, dropping 8.10% in the last 24 hours and plunging 29.80% over the past week. Its market cap now stands at roughly $248.4 billion. That week-long slide has wiped out about $105 billion in value. CoinGecko
Looking at the past month, the pace of the shift is clear. Data from Investing.com recorded ether’s daily price near $3,224.79 on Jan. 5, dropping to $2,058.01 by Feb. 5. The 52-week range spans from $1,388.12 up to $4,955.90. Investing.com
Some chart-watchers see the market at a critical juncture. In a piece on Investing.com, Dr. Arnout ter Schure noted ethereum was testing a long-term downtrend line around $2,150. He pointed to the daily RSI sitting at 32, a level he described as signaling “low-risk, high-reward” opportunities for longer-term investors. His advice: consider dollar-cost averaging—buying in smaller increments over time. Investing.com
But bearish bets remain. A post from Binance Square, referencing Cointelegraph, flagged an “inverse cup-and-handle” pattern alongside an MVRV ratio near 1.32 — a metric comparing market value to holders’ cost basis. These indicators suggest selling pressure might intensify. A drop under $2,000 is highlighted as a key risk, with a possible plunge toward $1,000 in a worst-case outcome. Binance
Traders are focused on the $2,000 mark for now, largely because it often triggers stop-loss orders and forced selling in leveraged markets if breached. Moves away from this level can be sudden, but they don’t always hold.
Ether’s swings have highlighted just how fast crypto shifts from “risk-on” to “sell everything,” particularly as the story shifts from abundant liquidity to tighter financial conditions.
