ETH Bulls Eye $2,200 Liquidity Zone with a Potential Run Toward $2,600 in Sight

Key Insights:

• Ethereum bounced from $1,817 and now targets $2,200, where a breakout could trigger a move to $2,600.
• RSI recovery and flattening MACD suggest easing bearish pressure, though a trend reversal remains unclear.
• The Ethereum network holds $57.28B TVL with 906,700 active addresses, showing stable user and capital presence.

Ethereum (ETH) is showing early signs of a short-term recovery after rebounding from a key support zone. The price has moved back above the $2,000 level, and buyers are watching the $2,200 mark, which may open the path to $2,600. As of press time, Ethereum is trading near $2,100 with a 1.00% increase over the past 24 hours.

Price Action and Resistance Levels

Ethereum’s price bounced sharply from $1,817, a key daily support level that has held in past sell-offs. This rebound came after weeks of downward pressure that began when ETH was rejected near $3,400. A fast decline followed, pushing the price into a long-term demand area.

The $2,100–$2,200 range now acts as immediate resistance. This zone had previously supported price but has since flipped. Based on ProfSatoshiBTC, if bulls manage to break above it, there is little resistance until $2,600. A move above this cluster could improve the short-term outlook. Many traders are focused on how the price behaves around $2,200. 

Momentum Indicators and Market Conditions

Technical indicators show that selling pressure may be slowing, but the trend remains uncertain. RSI moved into oversold conditions during the drop but has started to recover. This shows the downside may be easing, though there is no strong signal of reversal.

The MACD is still below zero, although its lines are beginning to flatten. This suggests bearish momentum is weakening. Momentum signals are mixed, and there’s still doubt about a clear trend shift.

These indicators support a possible short-term bounce, but many traders remain cautious as broader trends are still under pressure. Market participants are waiting for confirmation above $2,200 before becoming more confident.

Network Data and On-Chain Metrics

Meanwhile, Ethereum’s total value locked (TVL) stands at $57.28 billion as of February 8, 2026. This is lower than late-2025 levels but higher than early 2024. The decrease reflects recent market volatility, though capital presence on the network remains stable.

Active addresses have increased to around 906,700, showing steady user engagement. This rise suggests continued interest in Ethereum-based applications and services. The network remains active even as liquidity shifts.

Trading volume in the last 24 hours reached over $20.95 billion. This shows that market participants are still active, watching closely for any major breakout above $2,200.