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#ETH$ETH Based on the latest market data, Ethereum (ETH) experienced a sharp decline from February 5 to 6, and has since rebounded strongly on February 7, 2026, successfully regaining above $2000.
The table below summarizes the key information of this rebound, helping you quickly understand the core dynamics. Indicator Latest Data (as of February 7) Key Changes and Analysis
💹 Latest Price Approximately $2030 - $2080 Successfully broke above the key psychological threshold of $2000, rebounding over 12% from yesterday’s low (around $1800).
📈 Intraday Gain Nearly 11% Strong rebound momentum, roughly in line with Bitcoin’s gains.
🔄 Market Sentiment Fear and Greed Index rose from 11 (Extreme Fear) to 18 (Fear) Market sentiment shows a phased recovery, but remains in the fear zone, so caution is still needed.
💥 Main Drivers Behind the Rebound
This rebound is not accidental but the result of several factors working together:
• Technical Oversold Correction: During the recent sharp decline, ETH briefly fell below $1800, with the market in an extremely oversold state. This attracted some bottom-fishing capital, triggering a technical rebound.
• Macro Environment Improvement: Global stock markets, especially US tech stocks, rebounded significantly, improving risk appetite. Additionally, news reports indicate progress in US-Iran nuclear negotiations, easing geopolitical risks. Capital flows from safe-haven assets back into high-risk assets, providing macro support for the crypto rebound.
• Short Squeeze in Derivatives Market: The rebound caused a large number of short positions to be forcibly liquidated. In the past 24 hours, the total liquidation in the derivatives market was huge, with over 83% of liquidations being shorts. This forced liquidation further accelerated the price increase, creating a “short squeeze” scenario.
⚠️ Outlook and Risk Warning
Although a rebound has occurred, it is important to recognize:
• It is a rebound, not a reversal: Most analyses consider this rise as a “oversold rebound,” and the medium- to long-term downtrend has not been fundamentally reversed.
• Key resistance levels face pressure: ETH will encounter strong resistance in the $2080-$2100 range. If successfully broken through, it could further test $2150; if not, a pullback to around $2000 for support is possible.
• Continued high volatility: Market sentiment remains fragile, and any negative news could trigger a new wave of volatility. Investors are advised to avoid blindly chasing highs and to strictly control risks.
💎 Summary
Overall, Ethereum has rebounded significantly from its lows, but this is mainly driven by technical correction and short covering. Whether the market trend has truly reversed still depends on whether it can stabilize above key support levels and break through important resistance zones.
The table below summarizes the key information of this rebound, helping you quickly understand the core dynamics. Indicator Latest Data (as of February 7) Key Changes and Analysis
💹 Latest Price Approximately $2030 - $2080 Successfully broke above the key psychological threshold of $2000, rebounding over 12% from yesterday’s low (around $1800).
📈 Intraday Gain Nearly 11% Strong rebound momentum, roughly in line with Bitcoin’s gains.
🔄 Market Sentiment Fear and Greed Index rose from 11 (Extreme Fear) to 18 (Fear) Market sentiment shows a phased recovery, but remains in the fear zone, so caution is still needed.
💥 Main Drivers Behind the Rebound
This rebound is not accidental but the result of several factors working together:
• Technical Oversold Correction: During the recent sharp decline, ETH briefly fell below $1800, with the market in an extremely oversold state. This attracted some bottom-fishing capital, triggering a technical rebound.
• Macro Environment Improvement: Global stock markets, especially US tech stocks, rebounded significantly, improving risk appetite. Additionally, news reports indicate progress in US-Iran nuclear negotiations, easing geopolitical risks. Capital flows from safe-haven assets back into high-risk assets, providing macro support for the crypto rebound.
• Short Squeeze in Derivatives Market: The rebound caused a large number of short positions to be forcibly liquidated. In the past 24 hours, the total liquidation in the derivatives market was huge, with over 83% of liquidations being shorts. This forced liquidation further accelerated the price increase, creating a “short squeeze” scenario.
⚠️ Outlook and Risk Warning
Although a rebound has occurred, it is important to recognize:
• It is a rebound, not a reversal: Most analyses consider this rise as a “oversold rebound,” and the medium- to long-term downtrend has not been fundamentally reversed.
• Key resistance levels face pressure: ETH will encounter strong resistance in the $2080-$2100 range. If successfully broken through, it could further test $2150; if not, a pullback to around $2000 for support is possible.
• Continued high volatility: Market sentiment remains fragile, and any negative news could trigger a new wave of volatility. Investors are advised to avoid blindly chasing highs and to strictly control risks.
💎 Summary
Overall, Ethereum has rebounded significantly from its lows, but this is mainly driven by technical correction and short covering. Whether the market trend has truly reversed still depends on whether it can stabilize above key support levels and break through important resistance zones.
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