Is Ethereum Price Relying on MrBeast’s ‘Step’ To Avoid a $1,000 Slide?

Key Insights

• Ethereum price trades near $2,095, with charts showing a 51% drop risk toward $1,000 if support at $2,000 breaks as whale selling adds pressure.
• MrBeast acquired Step banking app with access to 300 million young followers, creating a potential crypto onramp if Ethereum integration happens with stablecoin payments or ETH investing features.
• Ethereum price needs to hold $2,000 and break above $2,151 to shift toward recovery, while Tom Lee’s Bitmine bought $83.4 million in ETH on Feb. 9, betting on a mainstream adoption wave.

Ethereum price trades near $2,095. Weeks of selling have pushed it close to a critical level. One break lower, and the ETH price charts point toward $1,000.

But something happened in mainstream finance recently that gave some buyers a reason to hold. Two forces are now pulling Ethereum in opposite directions. Large holders are selling. And mainstream money is starting to pay attention.

Ethereum Price Sits Above $2,000 With $1,000 Drop Risk Below

Ethereum price lost ground from above $3,000 and never came back. The ETH price just sits there, above $2,000, going nowhere fast.

That $2,000 zone is now the only thing keeping bigger losses away. Below that, $1,758 comes first. followed by $1,514, and $1,318.

A full breakdown takes the price toward $1,000. That would be a 51% fall from where Ethereum price trades today. Not guaranteed, but the charts make it possible if buyers stay away.

Feb. 9 brought more bad news. Ethereum (ETH) whales are large holders with millions of dollars in ETH. They sold around 60,000 ETH that day.

Holdings dropped from 113.75 million to 113.69 million ETH. That kind of selling from big accounts puts weight on the Ethereum price. Smaller buyers cannot easily absorb it.

MrBeast Buys ‘Step’ App, Sparking Speculations

MrBeast just announced he is buying Step. Step is a banking app built for young people.

His audience crosses 300 million followers, with the major part having young people and people who grew up online. Most of them have never touched crypto.

Step helps users save money, build credit, and invest. If Step adds Ethereum payments or stablecoin features, those 300 million users become potential ETH users.

More users bring more transactions. More transactions create more demand for ETH. Traditional banking apps carry heavy rules and slow infrastructure. Ethereum does not.

It runs every hour of every day, across every country. For an app chasing global scale, that kind of system fits perfectly.

Tom Lee from Fundstrat already made his bet. His company, Bitmine, bought 40,000 ETH worth $83.4 million on Feb. 9 alone.

He sees apps like Step as the next big push for Ethereum adoption. Buying $83.4 million in one day shows confidence that most institutions have not shown recently.

Key Ethereum (ETH) Price Levels to Watch Ahead

Large holders sell while some institutions buy. Both things happen at the same time. That creates confusion about where the Ethereum (ETH) price goes next.

Staying above $2,000 keeps the situation stable for ETH. A push above $2,151 would show buyers gaining control.

After that, $2,783 becomes the next level to watch. Getting there would shift the short-term picture toward recovery.

Falling under $2,000 changes everything for Ethereum price. In other words, it would trigger the potential downturn run for ETH price towards the $1,000 target.

Whale selling adds to that pressure. MrBeast’s Step app offers a longer-term reason for optimism but brings no immediate price relief today.

The Ethereum price sits at a point where the next move will be important. Sellers have control right now. Buyers need one clear push to change that.