Ethereum Reclaims the $2,100 Support Level as Bullish Momentum Returns to the Crypto Market
The post Ethereum Reclaims the $2,100 Support Level as Bullish Momentum Returns to the Crypto Market appeared on BitcoinEthereumNews.com.
The crypto market has hit an important point in time after Ethereum (ETH) surpassed the $2,100 price barrier as the base platform of the Decentralized Economy. Market analyst Ash Crypto noted that this technical recovery has been occurring alongside a broader recovery in investor sentiment. With Ethereum now having surpassed this significant threshold, investors are eager for a lasting upward trajectory rather than merely enduring the market fluctuations. The “altcoin king” seems poised for an impressive mid-year rally ahead. Technical Breakout and the $2,100 Floor The breakout above $2100 is a huge structural change on the daily charts. After going through a consolidation period where ETH was sitting so closely to $2000 support line, this recent “V-shape” recovery has shown that there is plenty of “buy the dip” demand coming from both retail and institutional investors. There have been many bullish green candles on this price action indicating the resistance level of $2080 has now been flipped and established itself as a solid support. According to market analysts, ETH’s RSI continues to increase, the RSI has not yet reached an “overbought” level so there is still more “breathing room” for ETH before it can try to test its first major level of resistance at $2300. Data from CoinMarketCap indicates that ETH’s breakout was supported by a large volume increase in 24-hour trading activity as this increase indicates adequate liquidity to support the maintenance of the current price of ETH. Network Fundamentals and the “Supply Crunch” Apart from the price charts, the internals of Ethereum are establishing the fundamentals of the value proposition of Ethereum. With the emergence of PoS, the circulating supply of ETH has also continued to shrink over the past few months. At present, according to Beaconcha.in, 28% of all ETH have been staked as it is currently…
Filed under: News - @ February 14, 2026 7:20 pm