Ethereum slides ~60% from ATH to ~$1,908 as Binance reserves fall but derivatives resilience, ETF flows and institutional demand hint at stabilization (institutional demand may point to $2.4K)

first published 2026-02-12T14:13:03Z

ETH has dropped about 60% from its August all-time high to roughly $1,985, marking a fourth straight weekly loss. Spot ETH ETFs had $129M of outflows on Wednesday (monthly outflows > $224M) and futures open interest has fallen to ~$23B from >$70B a year ago. Staking reached a record ~30% of supply (~36.8M ETH, ≈$72B), nearly 1M validators and >4M ETH in the staking queue. Technicals show a downtrend from ~$4,950 to ~$1,988, a break below $2,112 support, ADX easing (33→21) and RSI approaching the oversold 30 level; some analysts flag $2,500 as the next key level to watch.

AI Analysis

Price is in a sustained downtrend (~60% drop, fourth weekly loss) with concrete outflows from spot ETH ETFs ($129M on Wednesday; monthly outflows > $224M) and a large decline in futures open interest (~$23B from >$70B), which are bearish; offset somewhat by record staking (~30% of supply, ~36.8M ETH) and RSI near oversold, which analysts cite as potential bottom signals.

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