ETH Struggles Below $2K as NUPL Signals Losses
The post ETH Struggles Below $2K as NUPL Signals Losses appeared on BitcoinEthereumNews.com.
Key Insights: Binance ETH NUPL falls to -0.16, lowest level in nine months. Ethereum remains below $2,000 as technical indicators show weak momentum. Bitmine holds 4.37 million ETH, nearing 5% supply ownership target. ETH Struggles Below $2K as NUPL Signals Losses Ethereum trades at $1,964.58 after recent declines. The asset has slipped 0.52% in 24 hours and 4.67% over seven days. Trading volume stands at $10.05 billion as price stays below the $2,000 mark. On-chain data shows Binance Net Unrealized Profit and Loss at a nine-month low. The current reading sits near -0.16, which means many ETH coins held on Binance are in unrealized loss. Binance NUPL Falls Into Negative Territory NUPL tracks whether exchange-held coins sit in profit or loss. A negative value shows that holders would exit below their cost basis at current prices. The latest -0.16 level marks the weakest reading since early 2025. Kamran Asghar wrote that βEthereum NUPL on Binance just hit a 9-month low.β He added that with ETH near $1,973, a large share of coins on the exchange are underwater. Similar drops below zero have appeared during prior market downturns. The chart shows ETH falling from above $3,000 toward the $2,000 range while NUPL declined in parallel. The latest price slide pushed the metric deeper below zero. π¨ $Ethereum NUPL on Binance just hit a 9-month low. With $ETH near $1,973, Binance NUPL sits around -0.16 β meaning a large share of coins on the exchange are in unrealized loss. π pic.twitter.com/LCWFKhrsdD β πππ¦π«ππ§ ππ¬π π‘ππ« (@Karman_1s) February 22, 2026 ETH Price Trades Below Key Resistance The daily ETH/USDT chart shows a downtrend from the $3,300β$3,400 zone. Price has printed lower highs and lower lows over recent months. A sharp drop in early February sent ETH near $1,800 before price steadied. The $2,000 levelβ¦
Filed under: News - @ February 22, 2026 2:14 pm