Ethereum drops below $2,000 – but smart investors see a buying opportunity

The Ethereum price (ETH) dipped below the psychological limit of $2,000 this week. Yet several signals point to a potentially strong rebound. While many investors look on nervously, long-term investors seem to be seizing their opportunity.

Ethereum price under pressure, but on-chain data bullish

Ethereum (ETH) lost more than twenty percent of its value this month. Yesterday the price fell again below the $ 2,000 mark. Yet analysts and on-chain data see a very different picture: accumulation addresses are rapidly adding ETH.

According to data from CryptoQuant, long-term investors purchased more than 2.5 million ETH in February. The total in so-called accumulation portfolios rose to 26.7 million ETH, compared to 22 million at the beginning of 2026. This indicates growing confidence in the future recovery of Ethereum.

Activity on Ethereum Network Reaches Record

The fundamentals of the Ethereum network remain strong. The number of weekly transactions reached a new record of 17.3 million. At the same time, median transaction fees fell to just $0.008. By comparison, during the hype in 2021, those costs were above $25.

Crypto analyst Michaël van de Poppe also pointed out a striking development: “The Ethereum price compared to silver is at its lowest level ever.” According to him, this is historically a promising entry point.

Adam and Eve pattern: price target $2,500?

A so-called Adam and Eve bottom pattern emerges on the four-hour chart. This technical pattern consists of a sharp V-shaped decline followed by a gradual rounding. A break above $2,150 would confirm the pattern, with a possible price target between $2,473 and $2,634.

However, if ETH falls below $1,909, this scenario will expire and further weakness is likely.

Derivatives market and liquidations strengthen possible recovery

The risk of sharp movements remains high on the derivatives markets. Although open interest has fallen to $11.2 billion, the leverage ratio is still high at 0.7. This indicates significant positions with borrowed money – often a harbinger of heavy price action.

According to Hyblock data, 73 percent of accounts on Binance are long on Ethereum. Above $2,200, more than $2 billion in short positions are ready to be liquidated. If the price breaks out, this can cause a short squeeze that gives the rise extra strength.