$ETH February 8, 2026, Ethereum is in a critical recovery phase after a brutal week that saw prices drop 30% to a yearly low of $1,744. The candle chart currently shows a significant "Hammer" pattern near the $1,800 support, signaling that buyers are stepping in to absorb the heavy liquidations that recently hit leveraged traders. While the price has stabilized above $2,100, the overall trend remains bearish as $ETH $ continues to trade below its 50-day and 200-day EMAs.
Immediate resistance sits at $2,200, and a failure to break this level could lead to a retest of the $1,725 liquidity zone. Despite the price volatility, on-chain data shows large "whales" are still accumulating, suggesting long-term confidence amidst the short-term chaos.
#USIranStandoff #ADPDataDisappoints
Immediate resistance sits at $2,200, and a failure to break this level could lead to a retest of the $1,725 liquidity zone. Despite the price volatility, on-chain data shows large "whales" are still accumulating, suggesting long-term confidence amidst the short-term chaos.
#USIranStandoff #ADPDataDisappoints