The post Ethereum Drops 65% as Institutions Accumulate appeared on BitcoinEthereumNews.com.

Ethereum fell over 65% from its peak as institutions accumulated millions of ETH, with prices testing long-term support near $1,700. Ethereum has faced a sharp market correction after losing more than 65% from its recent peak. The decline followed a breakdown below the $3,700 price level, which had acted as a strong support zone. While short-term market pressure increased, institutional activity showed steady accumulation during the downturn. Ethereum Price Breakdown and Market Movement Ethereum traded near $3,700 before breaking below the $3,600 support range. After the breakdown, selling pressure accelerated across major exchanges. The price later moved toward the $1,700 level, which aligned with long-term technical support. CALLED $ETH CRASH AT $3,700. NOW 65% DOWN. ACCUMULATION ZONE ACTIVATED REMEMBER MY WARNING?When ETH Broke $3,700-$3,600 Support, I told you: “Major Breakdown Incoming” THE RESULT:✅ Entry Warning: $3,700✅ Current Price: ~$1,700✅ Total Drop From Our Entry: -54% (65% from… https://t.co/VYgI3ycjwo pic.twitter.com/aViL4AOtZY — Crypto Patel (@CryptoPatel) February 6, 2026 The drop occurred over several months and reflected broader weakness in crypto markets. Trading volumes increased during the decline, while volatility remained elevated. These conditions pointed to reduced risk appetite among short-term traders. Market data showed Ethereum testing the 0.618 Fibonacci retracement near $1,700. This level had acted as support in past cycles. Price action around this zone remained closely watched by market participants. Institutional Accumulation During the Drawdown Despite the price decline, institutional exposure to Ethereum continued to rise. U.S.-based Ethereum exchange-traded funds reportedly accumulated around 6 million ETH over an 18-month period. These holdings were valued near $55 billion at recent market prices. Corporate accumulation also remained active during the downturn. Bitmine disclosed holdings of about 4.28 million ETH. The reported value exceeded $13 billion, based on prevailing prices. Other Ethereum-focused firms added to their reserves as well. Combined institutional and corporate…

---

Filed under: News - @ February 7, 2026 12:20 am