ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
Ethereum, the world's largest altcoin, continues to decline despite Bitcoin's partial recovery. Here are the details. Continue Reading: Ethereum Price ContinuesEthereum, the world's largest altcoin, continues to decline despite Bitcoin's partial recovery. Here are the details. Continue Reading: Ethereum Price Continues

Ethereum Price Continues to Bleed – What to Expect Next? Here Are the Comments

Author: Bitcoinsistemi
Source: Bitcoinsistemi
2026/02/11 00:31
3 min read

After a relatively calm start to the week in the cryptocurrency market, Ethereum and Bitcoin, the two major crypto assets, have resumed their decline as of today.

Increased risk aversion in global markets and weakening investor appetite have increased pressure on digital assets.

Ethereum (ETH) fell by as much as 6.2% during the day, dropping to $1,989. ETH, the second-largest market capitalization after Bitcoin, has experienced sharper losses compared to Bitcoin since the sharp sell-off in October.

Ethereum has lost more than 40% of its value since the peak of the cryptocurrency market. Assets with lower liquidity and those described as “high beta” generally exhibit more volatile movements compared to market leader Bitcoin.

Vetle Lunde, Research Director at K33 Research, stated that the weakness in Ethereum stems from the rapid rise experienced last fall. Lunde explained that the heavy inflows into ETH ETFs and digital asset products, as well as the sharp increase in open positions, have made the market fragile.

Related News: Analysis Company Says "Bitcoin (BTC) Has Halved Its Bear Market!" and Reveals Possible Bottom Levels!

Bitcoin (BTC) fell by as much as 3.5%, dropping to $67,878. After hovering around $70,000 over the weekend, BTC had fallen below that level on Monday. On Friday, it briefly approached $60,000 before recovering.

Bitcoin has largely erased the gains it made since US President Donald Trump’s re-election at the end of 2024. Despite the administration being seen as crypto-friendly and providing support to the sector, Bitcoin recently recorded its longest monthly decline since 2018.

Mercuryo CEO Petr Kozyakov stated that the market is still searching for a clear direction, and that the effects of last week’s sharp sell-off are lingering. According to Kozyakov, analysts are trying to understand which direction the market will take in the short term.

A downward trend is also noticeable in the Bitcoin derivatives market. The fact that funding rates in perpetual futures contracts remain in negative territory indicates that investors continue to take short positions. Kaiko Research Analyst Adam McCarthy stated that funding rates are significantly negative and that market sentiment is quite weak, especially in smaller-cap altcoins.

BTC Markets analyst Rachael Lucas stated that Ethereum’s technical downtrend continues after it broke below the $2,800–$3,000 range. According to Lucas, the current sell-off is driven by a growing risk-aversion trend on a macro scale and overall weakness in the crypto market.

*This is not investment advice.

Continue Reading: Ethereum Price Continues to Bleed – What to Expect Next? Here Are the Comments

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem

Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem

BitcoinWorld Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem In a significant move that expands its footprint beyond
Share
bitcoinworld2026/02/11 10:05
Russian State Duma passes bill on cryptocurrency seizure and confiscation procedures

Russian State Duma passes bill on cryptocurrency seizure and confiscation procedures

PANews reported on February 11 that, according to Bits.media, the Russian State Duma has passed a procedural law on the seizure and confiscation of cryptocurrencies
Share
PANews2026/02/11 09:54