The post Ethereum (ETH) Price Prediction: ETH Holds $2,100 Pivot as Consolidation Keeps $2,400 Rally Conditional appeared on BitcoinEthereumNews.com.

Ethereum is hovering near a pivotal $2,100 level that has repeatedly dictated trend direction, leaving traders watching closely to see whether this zone sparks recovery or another rejection. After breaking above this resistance earlier in the month, ETH briefly improved market sentiment, but follow-through has been limited. Reviewing the daily and weekly charts, the area stands out as a former supply zone that rejected the price several times since late 2024, making the current consolidation a critical test of whether resistance can finally convert into support. The breakout briefly improved sentiment and opened the door to a potential recovery toward $2,400. However, follow-through buying has been modest. Price has since drifted back into the $2,080–$2,120 range, suggesting the market is still testing whether this level can truly flip from resistance into support rather than immediately launching higher. From a technical standpoint, this area now functions as a confirmation zone: sustained closes above it would signal acceptance, while repeated failures would imply another false breakout. Breakout Above $2,100 Meets Immediate Selling On the daily timeframe, clearing $2,100 ended a sequence of lower highs that began after Ethereum topped near $3,500. Volume expanded during the breakout, but the move lacked the steady spot demand typically seen at the start of stronger trend reversals. ETH has broken above $2,100, with a sustained daily close potentially opening the path toward $2,400, while a failure to hold this level may lead to a retest of recent lows. Source: @TedPillows via X Derivatives positioning and liquidation data indicate that part of the push higher was driven by short covering rather than fresh capital entering the market. Rallies fueled primarily by liquidations often extend quickly but struggle to sustain momentum, which helps explain the current hesitation near resistance. Price action since then shows repeated rejections between $2,110…

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Filed under: News - @ February 10, 2026 12:26 am