February 27 News: Ethereum briefly surged to $2,150 on Thursday, then retreated to around $2,034, fluctuating sideways. Currently, $2,000 acts as a key support level, while $2,100 is the main resistance in the battle between bulls and bears. Notably, the $2,100 level corresponds to the on-chain cost basis for addresses holding over 100,000 ETH, used to gauge the profit and loss status of large holders. Since 2020, ETH has rarely fallen below this cost range; during the 2022 bear market, it briefly broke below, but each time it was followed by a rebound.
In the derivatives market, over the past two days, short positions have been liquidated for more than $220 million, indicating significant leverage pressure easing. Funding rates, which had turned negative due to concentrated short positions, have now rebounded to a positive 0.23%, reflecting a shift in market sentiment from bearish to bullish. However, rising funding rates also suggest that if price momentum weakens, a long squeeze could occur around $1,800. Data shows approximately $2.66 billion in long liquidation open interest concentrated in that area, forming a potential liquidity pool.
Volatility indicators are also worth noting. The 30-day realized volatility on a major centralized exchange has risen to 0.97, the highest since March 2025, indicating the market is brewing for a directional move. Technically, ETH remains below the 50-day, 100-day, and 200-day moving averages, continuously forming lower highs since being blocked at $4,800 in late 2025, with selling pressure not yet fully exhausted.
On the ETF front, capital outflows have significantly contracted compared to mid-2025, with reduced bid-ask volatility and slowed institutional selling, but no clear net inflow trend has emerged. Analyst Leon Waidmann notes that weak holders are gradually exiting, short positions are decreasing, and high-leverage longs are slow to add. Technical analyst IncomeSharks points to resistance at the $2,250 channel and pressure from the SuperTrend indicator, warning that if buying interest cools again, $1,500 could become the next focus.
Within the Ethereum price trend framework, whether $2,100 can be effectively broken will be a key determinant of the medium-term trend.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Today, the cryptocurrency Fear and Greed Index dropped to 18, and the market remains in extreme fear.
Gate News reports that on March 6th, according to Alternative.me data, the cryptocurrency Fear and Greed Index dropped to 18 today (March 6th), down from 22 yesterday (March 5th), indicating that the market remains in a state of "extreme fear."
GateNews20m ago
Ethereum breaks through $2000 but is still being shorted? Culper Research questions the impact of Fusaka upgrade on ETH's economic model
Culper Research is shorting Ethereum (ETH) and related stocks, believing that the Fusaka upgrade could weaken the tokenomics model, leading to a sharp drop in transaction fees and an increase in low-value transactions. However, Ethereum Daily rebutted that the decline in fees and the growth of active addresses will benefit network development, and investors should pay attention to on-chain dynamics.
GateNews32m ago
Bitcoin's comeback over gold? Economist Lyn Alden predicts that cryptocurrency returns will outperform precious metals over the next three years.
Macroeconomist Lyn Alden predicts that Bitcoin will outperform gold over the next two to three years due to significant differences in market sentiment towards the two assets. Although billionaire investor Ray Dalio considers Bitcoin risky and views gold as more mature, the correlation between the two is gradually increasing, potentially offering unique opportunities for investors in the future.
GateNews36m ago
The strengthening of the US dollar suppresses Bitcoin's rebound, and Middle East conflicts may trigger a price decline
The tense situation in the Middle East has triggered a strengthening of the US dollar, putting pressure on Bitcoin and high-risk assets. Analysis indicates that the appreciation of the dollar and high inflation may limit capital inflows into the crypto market. Although Bitcoin experienced a brief rebound, it still faces institutional sell-offs and market weakness. Investors should monitor the dollar trend and market dynamics to assess potential risks.
GateNews39m ago
XRP Price Outlook: Can it Break $3 by the End of 2026? Analysts Provide Bullish and Bearish Predictions
XRP is currently priced between $1.41 and $1.46, up about 4% in the past 24 hours but still below its all-time high. Analysts predict that if the market stabilizes, XRP could rebound to $3, while it might drop to $0.65 otherwise. Regulatory factors and the expansion of real-world applications will also influence its long-term trend. Investors should pay attention to market risks.
GateNews47m ago
Bitcoin options worth $2.2 billion are expiring today, putting short-term pressure on BTC's movement around the $70,000 mark
Bitcoin price dips briefly near $70,000 as the market watches the upcoming $2.22 billion options expiration. Analysis shows more put options than call options, increasing short-term volatility risk. Geopolitical conflicts also add to market pressure, and investors should pay attention to key support and resistance levels.
GateNews56m ago
