📉 Ethereum's Volatile Week: Price Drops and Key Support Levels
📊 On February 11, 2026, Ethereum (ETH) is trading at $1,941 after a week of significant volatility. The price fell from over $2,140 to below $1,900 before stabilizing. This week, Ethereum experienced a net decline of 5.9%, reflecting high volatility in the digital asset market.
On February 5, ETH closed at $1,821 after hitting an intraday low of $1,818,
with trading volume exceeding $60 billion. The following day, Ethereum dropped to $1,748 but rebounded to close at $2,063, marking the week's lowest point and strongest recovery session. Volume peaked at nearly $65 billion that day, indicating forced liquidations and dip-buying activity.
📉 From February 7 to 9, prices stabilized around $2,090. However, on February 10, the recovery lost momentum with ETH closing at $2,019 after slipping to $1,990 during the session. Today's trading saw Ethereum open at $2,020.36, dip to a low of $1,911.90, and close at $1,941.71, a 3.9% decline from the previous close.
🔍 This decline pushed ETH further below the $2,000 psychological threshold, leaving about 58% of addresses in unrealized losses. Network metrics showed transaction fees dropping to $0.001 and a staking queue of approximately 4.1 million ETH, with about 30% of the total supply locked in staking.
❗️ Technically, shorter timeframes indicate a descending channel pattern with immediate resistance between $2,100 and $2,300 and key support in the $1,850-$1,900 range. Funding rates remain negative, and open interest has sharply declined, conditions that can precede increased volatility.
