Top 5 Reasons Ethereum Price Is Down Today
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Ethereum price is down today amid significant selling pressure, widening its YTD downfall to more than 45%. While some on-chain data hints at potential exhaustion of sellers, triggering buy-the-dip sentiment, but recovery will depend on broader market stability and upside momentum above $2,000. Ethereum Price Down amid Broader Crypto Market Selloffs and Bitcoin Weakness Today The crypto market is under bearish pressure, with Bitcoin failing to hold advances above key levels amid headwinds including esclating in US-Iran tensions and risk-off sentiment. As ETH often follows BTC’s lead, Ethereum price is down today. Iran is rushing military and domestic preparations for possible US strikes if nuclear talks fail, amid severe threats from US President Donald Trump. Trump officials say there’s a 90% chance of strikes on Iran. CNN and CBS reported Wednesday that the US military will be ready to launch strikes against Iran as early as this weekend, though Trump has reportedly not made a final decision yet. Ethereum Price Struggles to Hold $2,000 amid Weak Technical Chart Ethereum price breaking down below the 200-week moving average at $2,450 in early February and failing to reclaim the key level has turned ETH bearish. This triggered massive long liquidations to drag ETH below $2,000. Also, it has failed to sustain above $2,000 multiple times in recent weeks. This technical barrier, combined with bearish chart structure, led to choppy trading and deleveraging. ETH price is down more than 2% in the past 24 hours, currently trading at $1,976. The 24-hour low and high are $1,923.81 and $2,037.16, respectively. No support from ETH options and futures traders has kept Ethereum price under $2,000. At present, options traders target prices below the level until March. Analyst Ted Pillows claimed the Ethereum price drop amid the escalating US-Iran situation could be severe. He suggested watching…
Filed under: News - @ February 19, 2026 12:38 pm