ETHUSDEthereum
2,123
-2.59%
SUPPORT:20511964
RESISTANCE:21962283
Past
What happened
ETH dropped 2.59% to $2,123, again underperforming BTC as the ETH/BTC ratio sank back toward 0.027 — the lows of the cycle — on no fund-flow catalyst, just pure beta to the risk-off tape.
Why
Why it matters
Ethereum still hasn't found its 2026 narrative. Without an ETF flow story or a clear L2 fee-capture thesis hitting screens, it trades as a leveraged BTC play on the way down and a laggard on the way up.
Watch
What to watch
$2,100 is the must-hold; below opens $1,950. Upside needs $2,250 reclaim. The Pectra-follow-up upgrade chatter and any spot-ETF flow blip are the only idiosyncratic catalysts on the radar.
HEADLINES