Ethereum (ETH) has had a turbulent journey up until Feb 5, 2026. Despite being the second largest coin, it also missed the industry-wide boom, indicating its unique trajectory. Major swings in the crypto market have seen the value of ETH, alongside Bitcoin, experience significant fluctuations. The market saw major cryptocurrencies' prices drop sharply over the course of 2026. Ethereum's layer-2,
Namechain development, was paused and ENS now plans to deploy ENSv2 exclusively on Ethereum. The market pressure forced many cryptos including Ethereum to drop, but current predictions are foretelling a rebound. Interestingly, BitMine faces an
$8 billion paper loss on their ETH holdings. In the midst of the crypto plunge,
MegaETH Foundation plans to apply its stablecoin revenue towards MEGA token buybacks. Bit Digital announced a shift towards focusing on AI and Ethereum, moving away from Bitcoin Mining. Bitcoin and Ethereum ETFs reported significant outflows, showing a bearish trend, yet Ethereum might build an upward momentum once it breaks the $2,100 price. Increasingly, Ethers' performance has raised concerns about its volatility. Ethereum founder,
Vitalik Buterin, criticizes Ethereum 'copypasta' L2 chains for a lack of innovation. Regardless, there has been some positive news, with ETH accumulation observed among investors. Despite a crypto crash, Bitmine made a significant purchase of nearly $100 million in ETH. Concerns about further drops in ETH price continue, with derivatives data depicting heavy positioning near $2,000. Buterin has defended the concept of Algorithmic Stablecoins, calling them 'True DeFi', which could be regarded as an innovative concept in the cryptocurrency sphere.
ETH Coin News Analytics from Thu, 29 May 2025 07:00:00 GMT to Mon, 09 Feb 2026 09:38:41 GMT -
Rating -6
- Innovation 2
- Information 4
- Rumor -8
