The post Ethereum fails at $2.5K: How $466M in liquidations crushed ETH appeared on BitcoinEthereumNews.com.

On the 5th of February, Ethereum [ETH] witnessed $466.4 million in liquidations, with $382 million of them being long. On the day, ETH prices fell 14.96%, from $2,148 to $1,826. Crypto market sentiment was in extreme fear. The Fear and Greed index reached 11, a low not seen since 2023. AMBCrypto reported that sub-20 readings on the index represent heightened stress, forced selling, and broad de-risking. The ETH/BTC was at a 3-year low, representing the severe underperformance of the leading altcoin against the leading crypto. The $2k level was at high risk, noted aMBCrypto, and Ethereum has slid below this key psychological level since then. Plotting the ETH path so far Source: ETH/USDT on TradingView On the 1-day chart, the strength of the bears was very evident. In May and June last year, ETH consolidated around $2,500 for a few weeks before catapulting higher in July. In November, the same area was tested as support and saw a bounce. The subsequent retest over the past week saw no noticeable reaction from ETH bulls. The price bulldozed its way below the $2.5k demand zone and also beyond the weekly swing point at $2.1k. The RSI was in oversold territory. The 18.68 daily RSI value on the 5th of January was the lowest since August 2024. The OBV also made a new low, reflecting heavy sell volume. Can THESE  zones drag ETH prices higher? Source: CoinGlass The liquidity to the south has been nearly wiped out, showed the 1-month lookback period liquidation heatmap. Zooming out even further, the 1-year heatmap agreed. A massive pocket of liquidations around the $2k price level was taken out during the recent dip. The magnetic zones further south were at $1,500 and lower. Meanwhile, the $2,400 and the $2,700-$2,900 areas had some liquidations that the price could…

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Filed under: News - @ February 7, 2026 2:20 am