Ethereum Daily Market Update - Feb. 08, 2026
Ethereum is currently in a short-term recovery phase after a sharp sell-off, but the market is still fragile and highly level-dependent. Price dropped aggressively toward the 1,740 area, where strong buying interest appeared and pushed ETH back above 2,000. That reaction confirmed the presence of demand at lower levels and stopped the immediate downside continuation.
After the rebound, ETH moved up toward 2,120–2,125, but failed to hold above that zone and pulled back again. The current price action around 2,060–2,080 shows consolidation rather than weakness. This tells us the market is digesting the recent move, not reversing it yet. Buyers are still defending, but momentum has slowed compared to the initial bounce.
From a higher-timeframe perspective, the broader structure remains damaged. ETH is still trading well below previous value areas and major breakdown zones. Because of this, the current move should be treated as a recovery inside a larger downtrend, not a confirmed trend reversal. That makes level selection and patience critical.
Key support zones:
2,000 – 1,980 (most important intraday support)
1,900 – 1,920 (stronger support from the rebound base)
Holding above 2,000 keeps the recovery structure intact. A clean loss and acceptance below 1,980 would weaken the bounce and reopen downside risk.
Key resistance zones:
2,120 – 2,150 (near-term resistance)
2,180 – 2,230 (stronger resistance and prior breakdown area)
My suggestion:
I am not looking for shorts while ETH holds above 2,000. The market has already shown buyers defending this area. The correct approach today is to wait for pullbacks into support for controlled longs, rather than chasing price higher. If ETH fails to hold 1,980, I would step aside and reassess. Until then, ETH remains in a controlled recovery phase, where patience and level-based decisions matter most.
#WhaleDeRiskETH #EthereumLayer2Rethink?
Trade #ETH Here 👇👇👇
{future}(ETHUSDT)
Market Macro Update: Bitcoin crashes have always looked scary before the real bottom shows up.
Past Bitcoin cycles show deep drops from the top, around 87% in 2013, 84% in 2017, and 77% in 2021, while the current cycle is still around a 45% drop so far.
With the last ATH near $126K in Oct 2025, even a softer 70% drop points to a possible bottom near $38K, meaning there is still room on the downside.
$BNB
1000CAT Token Sees 2.08% Dip as Market Adjusts to Futures Updates and Simon's Cat Roadmap
1000CATUSDT has experienced a 2.08% price decline over the last 24 hours, with the current price on Binance at $0.00188, opening at $0.00192. This drop is attributed to a combination of overall market sentiment, recent volatility, and adjustments to leverage and collateral ratios for 1000CATUSDT futures, as well as updated funding rate rules. The announcement of Simon's Cat project's Q1 2026 roadmap, including the upcoming 'Meme & Game Factory' platform partnership, has maintained community interest but has not offset the recent negative price trend. Trading volume remains significant, with over $1.8 million reported on Binance Futures and a circulating supply of approximately 7.57 billion tokens, while the token has seen notable fluctuations and continued speculative activity among over 277,000 holders on BNB Chain.
Most people think of AI and blockchain as two separate worlds that just happen to talk to each other.
Usually, the AI does the heavy lifting in a private room and then just sends a receipt to the blockchain to prove it happened. @Vanar is trying something much more ambitious by actually moving the AI’s "brain" directly onto the chain.
It’s the difference between a car that sends you a text when it arrives and a car that is built into the road itself. By using NVIDIA’s tech stack, they’re solving the huge hardware hurdle that usually stops this from working.
If they pull this off, we are not just looking at another crypto project, we are looking at an operating system where AI agents can live and make decisions 24/7 without needing a middleman to keep them running.
It’s a massive technical leap, but it’s the kind of infrastructure we actually need for a future where AI and finance are inseparable.
#VanarChain @Vanar #vanar $VANRY
{future}(VANRYUSDT)
$ETH pushed into the 2,100–2,125 zone but failed to hold above it, showing clear rejection from the top. After the spike, price started ranging and every bounce is getting sold quickly. The structure still looks weak on the lower timeframe, and momentum favors another pullback rather than a clean continuation up. As long as $ETH stays below 2,120, the structure favors downside.
Short ETH
Entry Zone: 2,085 – 2,120
Stop Loss: 2,150
I don’t use Stoploss
TP1: 2,030
TP2: 1,990
Or from 100% to 500%
This is a scalp trade. Use 20x to 50x leverage with a margin of 1% to 5%. Book partial profit at TP1 and move stop-loss to entry.
Short #ETH Here 👇👇👇
{future}(ETHUSDT)