February 9, 2026 Market Analysis

Today, ETH's midday movement followed Bitcoin's volatility, bouncing around the 2070 level. Neither bulls nor bears had a clear advantage, with prices oscillating near 2070, typical of a consolidation phase.

There are no major negative news, and in fact, there are several positive signals: the Fed's interest rate cut expectations remain, and a weakening dollar is good for crypto assets; the Ethereum ecosystem continues to be active, with Layer 2 and DeFi projects constantly launching. Plus, the Bitcoin halving cycle is driving optimism, so there are long-term prospects.

From a technical perspective, the previous high of 2152 is a key resistance level. Breaking above it could open new space for upward movement. The 2050 level is the support line; a break below would trigger a significant correction. Currently, the moving averages are still trending downward, indicating short-term correction pressure and a weak consolidation phase.

The next trading advice is simple: don't blindly buy the dip, set proper stop-losses. There is no clear trend now, so it's more reliable to trade cautiously rather than aggressively. Wait until the trend becomes clearer before taking action.

Recommendation: consider buying on dips around 2030–2000, with targets near 2095–2125–2150.

This is just personal advice for reference; it does not constitute investment advice. Please follow Cheng Jingsheng's and Shi Pan's strategic layout for actual trading!!$ETH ‌#eth