Overview
- Ether steadied near the $1,900–$2,100 range after a weekend sell‑off, with a modest rebound toward $2,000 reported on Monday.
- On‑chain labels tracked roughly 261,024 ETH (about $540–$543 million) moved to Binance on Feb. 14–15, increasing potential sell‑side liquidity though deposits do not confirm sales.
- Futures positioning has turned defensive, with Binance’s 30‑day taker buy/sell ratio at 0.97 and open interest down about 7% to roughly $23 billion as traders de‑risk.
- Institutional and U.S. demand remain soft, as Ethereum spot‑ETF flows stay net‑negative and the Coinbase Premium Index rebounds from lows but remains below neutral.
- Technical maps show a crossroads: a break below roughly $1,900–$1,950 would validate bearish patterns targeting about $1,200–$1,500, while holding the multi‑year channel and reclaiming a weekly close above ~$2,110 would favor recovery.