Today, February 7, 2026, Ethereum is showing signs of a volatile recovery after a brutal week. After crashing to a low near $1,755, it has climbed back above the $2,000 psychological barrier, currently trading around $2,040–$2,060. While the short-term momentum is bullish (+8–11%), the broader trend remains fragile as it stays below major daily moving averages.
Possible Next Move
The most likely scenario is a period of consolidation. ETH is caught between a "relief rally" and heavy overhead resistance. If it can hold above $2,000 for a daily close, we may see a push toward the $2,125–$2,200 ra