Ethereum ($ETH) reached a decisive “knife-edge” moment in late February 2026. After experiencing a 6% plunge in the past 24 hours, the second-largest cryptocurrency is currently struggling to maintain its position above the world’s highest bar. Important $1,800 support level. This price range is widely viewed by technical analysts as the last line of defense before a possible slide into the $1,500 area. With selling pressure increasing from the Ethereum Foundation, the market focus has completely shifted to whether the bulls can defend against this psychological bottom.
Can Ethereum price sustain $1,800 support?
Short answer: under extreme threat. As of today, February 23, 2026, Ethereum is trading around $1,870 and dropped to a low of $1,845 at one point. Technical indicators including $ETHThe /USD price chart suggests that a breakout above $1,800 is very likely if the current selling volume continues. An automatic stop-loss order could be triggered if the price closes below $1,800 for the day, potentially accelerating the move below $1,570.
$ETH/USD 4H – TradingView
Definition of “support” in the current downtrend
In technical analysis, support level It is the price point at which an asset has a desire to buy and tends to prevent further declines in price. For Ethereum, $1,800 is more than just a number. It is a historical accumulation zone.
- Conceptual clarity: if $ETH If you are holding $1,800, it confirms a “double dip” or consolidation phase.
- risk: If that fails, the ‘bearish pennant’ pattern observed on the weekly chart suggests a ‘cautious move’ downside objective. $1,475.
Why $1,800 is a “make or break” level
The significance of the $1,800 mark stems from several factors.
- Psychological weight: Approximate numbers act as a natural barrier for retail traders.
- On-chain clearing: According to our data, a significant cluster of DeFi loan positions may be liquidated if: $ETH Less than $1,780.
- Organizational sentiment: Large buyers often set up “buying walls” at these structural levels to prevent a full-scale market reset.
Vitalik Buterin and the Foundation: sources of pressure
The main impetus for the current $1,800 test is continued distribution. $ETH by Ethereum Foundation and co-founder Vitalik Buterin. In February 2026 alone, Buterin sold approximately $16 million worth of $ETH We will fund the development of the roadmap for “Gramsteldam” and “Hegota”. Although these sales represent only a fraction of the daily volume, they significantly reduce investor confidence and suggest a “risk-off” environment.
In addition, Whale Wallet (holds $100,000 to $1 million) $ETH) almost sold 1.43 million $ETH It has increased ($2.7 billion) over the past two weeks, shifting the balance of supply and demand in favor of the bears.
Ethereum price prediction: support and resistance zones $ETH coin
If you are considering buying Ethereum or trading volatility, always keep the next level in mind.
The RSI is currently at 20, indicating that Ethereum is oversold. Although there is a possibility of a comfortable bounce back towards $1,950, the overall trend remains firmly bearish until a “further high” is formed above $2,085.
Summary: The way forward
Ethereum is currently in the middle of a high-stakes battle. hold the $1,800 support This is essential to avoid a major correction that could send prices back to early 2024 levels. While the fundamental 2026 roadmap (Gramsteldam renovation) remains promising in the long term, short-term technicals favor the bears.
Investors should continue to exercise caution and consider taking advantage of it. secure hardware wallet Managing your holdings during this period of “true hardship”.
