Overview
- ETH is down about 36–37% over the past month, touching $1,760 on Feb. 6 and recently trading near $1,900 after failing to hold above $2,000.
- Fundstrat’s Tom Lee told a Hong Kong audience that Ethereum has recovered quickly after eight prior >50% drawdowns since 2018 and he expects a similar rebound.
- Market technician Tom DeMark highlights about $1,890 as a likely bottom and suggests a potential undercut of that level before stabilization.
- Roughly 30% of supply is staked — about 36.7 million ETH — with around 4 million ETH queued for validator entry, reducing tradable float and sharpening price moves.
- Reporting notes more than $1 billion in leveraged positions were liquidated during the selloff, intensifying short-term volatility.