Ethereum

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<p>Ethereum price is testing a key demand zone as more than 220,000 ETH leaves exchanges, tightening liquid supply during a sharp market pullback.</p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>Ethereum price prediction hinges heavily on ETH holding the $1,850 demand zone.</li>
   <li>Exchange reserves have dropped by 220,000 ETH, while accumulating addresses now hold 27 million ETH, about 23% of supply.</li>
   <li>Holding $1,850 could open a rebound toward $2,000–$2,100, while a breakdown risks a move toward $1,750.</li>
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<p>Ethereum was trading at $1,975 at press time, down 4% in the past 24 hours. The broader trend remains under pressure. ETH has fallen 12% over the last seven days, 37% in the past month, and is now down 61% from its August 2025 high of $4,946.</p>
<p>Spot trading volume came in at $22 billion, down 11.30% over the past day. On the derivatives side, Coinglass data shows futures volume declining 14% to $47 billion, while open interest dropped 5% to $23 billion.</p>
<p>That combination suggests traders are closing positions rather than aggressively adding new leverage.</p>
<h2 class="wp-block-heading" id="220k-eth-leaves-exchanges-as-long-term-wallets-grow">220K ETH leaves exchanges as long-term wallets grow</h2>
<p>While price has struggled, on-chain behavior tells a different story.</p>
<p>According to a Feb. 10 <a href="https://cryptoquant.com/insights/quicktake/698abf3163d8c42764424c60-Rising-Ethereum-withdrawals-from-exchanges-reach-their-highest-level-since-Octob" rel="noopener noreferrer nofollow">analysis</a> by CryptoQuant contributor Arab Chain, more than 220,000 Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) has been withdrawn from exchanges in recent days, the largest net outflow since October. On Feb. 5, Binance alone recorded approximately 158,000 ETH in daily net outflows, the highest since last August.</p>
<p>Large exchange withdrawals typically reduce immediate sell-side pressure. When ETH moves into private wallets or long-term storage, it becomes less accessible for quick liquidation.</p>
<p>This doesn’t guarantee upside, but it changes the supply dynamic. If demand stabilizes, a tighter float can amplify price reactions.</p>
<p>You might also like: <a href="https://crypto.news/bitmine-eth-holdings-hit-4m-as-firm-buys-83m-ethereum/" rel="noopener noreferrer nofollow"> Bitmine ETH holdings hit 4.3M as firm buys $83M Ethereum in a day </a></p>
<p>Additional <a href="https://cryptoquant.com/insights/quicktake/698bcdf0c876a02133a03b22-Accumulating-Address-Insights-Ethereum" rel="noopener noreferrer nofollow">data</a> from analyst _OnChain shows that “accumulating addresses” — defined as wallets that have never recorded an outflow, hold at least 100 ETH, and are not linked to exchanges or miners — now control 27 million ETH, or roughly 23% of the circulating supply.</p>
<p>Historically, Ethereum has traded below the realized price of these accumulating addresses only twice in nine years: during the 2025 all-time low and again since January 2026. That context suggests long-term holders are less likely to sell near current levels.</p>
<h2 class="wp-block-heading" id="ethereum-price-prediction-can-1-850-hold">Ethereum price prediction: Can $1,850 hold?</h2>
<p>With lower highs and lower lows, Ethereum is still clearly in a <a href="https://crypto.news/ethereum-price-faces-sub-1000-risk-as-liquidity-remains-lower/" rel="noopener noreferrer nofollow">downward</a> trend. Selling pressure increased after the recent drop below the $3,200–$3,300 range, and the price moved closer to the $1,850 support zone.</p>
<p>During the sell-off, the 20-period Bollinger Bands widened considerably, suggesting increased volatility.</p>
<figure class="wp-block-image size-large"><img width="1024" height="528" src="https://media.crypto.news/2026/02/Image-11-02-2026-at-09.00.webp" alt="Ethereum price prediction as exchange supply shrinks by 220K ETH - 14">
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  Ethereum daily chart. Credit: <a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">crypto.news</a>
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<p>The price briefly touched the lower band around $1,690, as is often the case with large declines. The middle band, which is now at $2,490, is acting as resistance, while the upper band is situated near $3,290.</p>
<p>The relative strength index fell below 30, entering oversold territory, and currently hovers around 30–32. Momentum is weak, though the pace of the decline has slowed, and there’s no clear bullish divergence yet.</p>
<p>If the $1,850 support holds, Ethereum could stabilize and attempt a rebound toward $2,000–$2,100. A more sustained recovery would require a move above $2,490 to reclaim the middle band and signal a potential trend shift. For that to happen, RSI would need to climb above 40–45, and volume would need to expand on green candles.</p>
<p>If $1,850 fails, downside risk increases quickly. A break below that level could expose $1,750, followed by the lower Bollinger Band around $1,690. Continued declines in open interest and weak spot volume would reinforce a bearish continuation scenario.</p>
<p>Read more: <a href="https://crypto.news/ethereum-address-poisoning-coas-6-2-m-two-months-2026/" rel="noopener noreferrer nofollow"> Ethereum address poisoning costs crypto users $62M in two months: ScamSniffer </a></p>

Ethereum price prediction as exchange supply shrinks by 220K ETH

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