- Ethereum whales proceed to actively accumulate ETH even throughout value declines.
- A drop under $2,000 could be a gorgeous entry level for bulls.
- Ethereum value reached an intraday low of $1,930 on Wednesday, February 11, 2026.
Ethereum has as soon as once more fallen under the $2,000 degree, down 3% previously 24 hours, with the highest altcoin hitting a low of $1,930 in early buying and selling on February 11, 2026.
The decline displays Bitcoin’s retreat under $67,000, with the bellwether digital asset buying and selling round $66,805, down 3% over the identical interval.
Nevertheless, regardless of the widespread bullish sentiment throughout the crypto market, whales appear undeterred and are making the most of this decline to aggressively enhance their positions.
Ethereum whale buys push close to $2,000
On-chain knowledge exhibits that Ethereum has attracted lively whale accumulation for a number of months regardless of the sharp decline in altcoin costs.
In accordance with particulars shared by CryptoQuant on X, giant holders began growing their positions in July 2025.
This development continues regardless of ETH costs plummeting from their peak throughout a bearish reversal within the closing quarter of this yr, with inflows into accumulation addresses reaching report highs amid sustained purchases.
Particularly, analysts be aware that ETH costs proceed to build up even after they fell under the realized worth of storage addresses.
This state of affairs additionally performed out in April 2025, when Ethereum value plummeted to a low of $1,470 amid a broader market correction.
Nevertheless, the bulls rapidly recovered because the whales purchased the dip, and the altcoin value reached an all-time excessive of almost $5,000 in August 2025.
Latest knowledge exhibits overseas change balances have fallen to multi-year lows, with whale holdings growing as retailers promote amid widespread market panic.
This sample will proceed at the same time as costs weaken in early 2026.
With the whales’ buying energy intact, present ranges are enticing, and corporations like Bitmine Immersion Applied sciences are taking full benefit of it.
The corporate just lately added over 40,600 ETH and presently holds over 4.3 million Ether tokens acquired at a median value of $2,125.
Of this, they’ve staked over 2.97 million ETH, which accounts for over 68% of their holdings.
Tom Lee (@fundstrat)of #bitmine I am nonetheless shopping for $ETH And wager it.
5 hours in the past #bitmine wager one other 140,400 $ETH($282 million).
In complete, #bitmine 2.97 million staked $ETH($6 billion), 68.7% of complete property. https://t.co/yCucFPLdGs pic.twitter.com/R13lzSIQmE
— Lookonchain (@lookonchain) February 11, 2026
Ethereum value prediction
The Cryptocurrency Worry and Greed Index is hovering in excessive worry territory, which implies a bearish outlook within the quick time period.
Ethereum is capitalizing on this sentiment as bulls wrestle close to $2,000, with the altcoin’s present greenback worth down greater than 60% since its all-time excessive close to $5,000.
On the technical facet, the worth is under the important thing exponential shifting common (EMA) and the oscillators are favoring the bears.
Ethereum’s chart fashioned a loss of life cross in November.
This development additional strengthened on February 5, 2026, when Bitcoin plummeted to $60,000 and ETH plummeted above the $2,000 assist to a brand new low close to $1,740.
Regardless of the rally to above $2,000, downward stress stays and a fall to year-to-date lows is feasible.
If the bears acquire additional management, ETH may subsequent goal $1,500-$1,300.
Nevertheless, the truth that ETH is actively shopping for regardless of being under the realized value of the buildup tackle exhibits long-term perception.
Analysts predict a robust restoration, with institutional demand and community progress driving the following step.
On-chain metrics together with ETF inflows are key.
Particularly, since $1.4 billion per 30 days was outflowed from the Ethereum Spot ETF in November 2025, outflows have been lowering, and the overall web property now exceed $11.7 billion.
Lately, Bitmine’s Tom Lee stated that he expects a V-shaped restoration for ETH.