Ethereum's Price Plunges Amidst Bearish Market Shift

Ethereum's price has been declining steadily since its recent peak, and the trend shows no signs of reversing. As of February 21, 2026, the cryptocurrency trades at $1,983.38.

The market has entered a bearish regime shift, with multiple failed attempts to reclaim and hold the $2,000 level. This shift is characterized by a significant cooling of institutional appetite and a shift in liquidity toward safer havens.

The technical structure of Ethereum is currently fragile, with a major liquidity zone near $1,995 acting as immediate resistance. A significant liquidity contraction in the broader financial system has removed billions from risk assets, creating a 'liquidity crisis' for the Layer 1 leader.