Ethereum (ETH) is currently facing significant price pressure, with market conditions growing increasingly uncertain. Recently, Ethereum failed to hold the crucial $3,900 level, dipping 14% below that price and triggering concerns about its long-term price action.

Will Ethereum's supply shift to pre-Merge levels cap ETH's recovery prospects?

Should a pair of major tests go well, developers expect the upgrade to hit Ethereum's mainnet in April.

The cryptocurrency market is experiencing significant turbulence, with Ethereum ($ETH) serving as a prime indicator of just how low it could go. The world's second favorite cryptocurrency was on track to potentially hitting highs of $5,500 this year, but recent price swings suggest the road there is looking increasingly more complicated.

Ethereum core developer Tim Beiko announced today that the Pectra upgrade will move forward with key testnet forks in February and March, setting the stage for the upgrade's eventual deployment on the Ethereum mainnet. Ether's Pectra Upgrade Nears According to Beiko's post on X, the Holesky testnet will fork at slot 3,710,976 on Feb.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Ethereum's (ETH) recent price struggles haven't stopped institutions from accumulating coins, with major entities moving significant holdings from exchanges. The second-largest cryptocurrency by market capitalization has gone up by 0.3% since rebounding from recent lows and reclaiming the $2,650 level.

Blockchain analytics reveal bitcoin and ethereum reserves on centralized exchanges have plummeted precipitously since late January, with holdings persisting at lows not witnessed in years.

Novogratz offered his perspective for why ETH has underperformed in recent months when compared to assets like BTC and SOL.

Although it is undeniable that President Donald Trump has been active with regard to cryptocurrencies since taking office, his engagement so far has, arguably, not been as many in the community had hoped.

Michaël van de Poppe sees Bitcoin hitting $500K and Ethereum surpassing $20K, fueled by institutional adoption and macroeconomic shifts.

Ethereum's highly anticipated Pectra upgrade is set to go live, with key testnet fork dates now announced. According to expectations, Pectra will first launch on the Holesky and Sepolia testnets before an official mainnet deployment is scheduled.

With the general crypto market still facing heightened volatility, Ethereum has once again failed to reclaim the pivotal $3,000 price level. Bearish pressure continues to linger in its price action, leading to speculations about its potential in the short term.

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The widely followed cryptocurrency analyst Benjamin Cowen is warning that Ethereum (ETH) could slide further against Bitcoin (BTC). In a new video, Cowen tells his 866,000 YouTube subscribers that Ethereum could continue falling against Bitcoin if the US monetary policy remains restrictive.

A whole year. That is how long Solana (SOL) has gone without a single outage.

Ethereum is trading in the $2.8K zone. The market saw $33.60 million worth of Ethereum liquidated.

Bears are controlling the initiative on the market today, according to CoinStats.

TL;DR Solana dominates the retail market: It has surpassed Bitcoin and Ethereum in active addresses and transaction volume, with a 477% surge in memecoins. ETFs drive liquidity shifts: Bitcoin ETFs hold over 515,000 BTC, impacting prices and volatility. Ethereum is gaining institutional traction.

According to Ali Martinez, capital continues to flow out of Bitcoin and Ethereum into stablecoins, with no clear signs of an upcoming altseason.

The cryptocurrency market is recognized for turning minor investments into considerable riches. Early investment in promising tokens has historically provided substantial returns.

Leading altcoin Ethereum has faced a series of headwinds over the past few days. With heightened market volatility and significant liquidations, ETH remains under bearish pressure.

Analytics provider Santiment data shows in a recent report that despite high volatility in crypto markets, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and other assets remain key discussion topics across social media. What Happened: In a post on X on Wednesday, the firm highlighted that Bitcoin remains the dominant subject, with traders dissecting its price action, institutional flows and market positioning.

Significant ETH outflows from derivative exchanges indicate reduced short-term sell pressure as traders close positions or move to cold storage.

Ethereum (ETH) has experienced significant volatility this week, following a sharp dip to a five-month low of $2,160 earlier this week. While ETH has since recovered to around $2,760 at the time of writing, the current rebound may not be sustainable.

Ethereum‘s (CRYPTO: ETH) dominance in the cryptocurrency space is facing a significant challenge, with analysts at JPMorgan suggesting that increased competition from rival blockchains is eroding its market share and threatening its long-term prospects. What Happened: According to a report led by JPMorgan's managing director Nikolaos Panigirtzoglou, ETH has underperformed both Bitcoin (CRYPTO: BTC) and a range of alternative cryptocurrencies since the recent U.S. election, signaling a worrying trend for investors, The Block reported on Thursday.

Ether ETFs have now seen five consecutive days of inflows, adding $18.11 million, while bitcoin ETFs recorded a net inflow of $66.37 million. Bitcoin ETFs See Another Day of Gains While Ether ETFs Mark Five Days of Inflows Bitcoin and ether exchange-traded funds (ETFs) continued to draw investor interest on Wednesday, Feb.

Amid the chances of a bullish crypto market comeback, Ethereum aims to reclaim the $3,000 mark. Driving the bullish hopes, Whales and ETF take the stage. Will this boost drive the ETH price higher to the $3,700 mark?

Ethereum's netflow has turned negative, with over -60k ETH withdrawn from exchanges.

The crypto market is marginally down, with price action remaining mixed. Bitcoin (BTC) has slipped below $98,000 over the past 24 hours.

Ethereum has mounted a recovery above $2,650 following a sharp decline to $2,120, though it faces technical resistance at $2,840

Analysts attribute ether's underperformance to growing competition from Solana and Layer 2s, and its lack of bitcoin's store-of-value appeal.

For the year, Ethereum (ETH 3.38%) is now down 17%. That includes a flash crash in early February when the world's second-largest cryptocurrency lost 20% of its value literally overnight.

Ethereum price surged 4% today, defying the broader market selling pressure and trading around $2,850 levels. Despite the current underperformance, the institutional interest in ETH continues as the CBOE Exchange filed for options trading for spot Ethereum ETF on Wednesday.

Ethereum ETFs surge $1.5B as the altcoin utility and growing ecosystem makes a key investment contender for 2025?

Ethereum ignited a recovery wave after slipping below $2,500, underperforming Bitcoin. The large-cap altcoin tested the $2,120 region and swiftly began its recovery wave. Notably, ETH surpassed the $2,500 and $2,550 resistance levels and climbed above its 50% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low.

Cboe has submitted a 19b-4 filing to the SEC to approve the listing and trading of options on spot Ethereum ETFs. The exchange is requesting expedited approval for this rule adjustment.

Eric Trump's Ethereum tweet lined up with one of the biggest reversals in months.

The Official TRUMP (TRUMP) coin has surged 4.27% in the last 24 hours, reaching $18.50, with a market cap of $3.7 billion. Despite this short-term rally, TRUMP remains down 75.36% from its all-time high of $75.35 set on Jan. 19.

The Official TRUMP (TRUMP) coin has surged 4.27% in the last 24 hours, reaching $18.50, with a market cap of $3.7 billion. Despite this short-term rally, TRUMP remains down 75.36% from its all-time high of $75.35 set on Jan. 19.

Ethereum price started a recovery wave above the $2,650 zone. ETH is showing positive signs and might aim for a move above the $2,880 resistance.

Broader cryptocurrency markets saw declines over the past 24 hours, with total market capitalization dropping 2.01% to $3.17 trillion. Cryptocurrency Gains +/- Price (Recorded at 8.15 p.m.

Broader cryptocurrency markets saw declines over the past 24 hours, with total market capitalization dropping 2.01% to $3.17 trillion. Cryptocurrency Gains +/- Price (Recorded at 8.15 p.m.

Ethereum experienced one of the most chaotic trading days in its history last Monday, as it plunged over 30% in less than 24 hours amid escalating U.S. trade war fears. However, the market quickly rebounded after President Trump announced negotiations with Canada and Mexico, leading to a sharp recovery across crypto assets.

However, the growing bear action in the broader market has continued to impact altcoins like Ethereum (ETH), XRP, SUI, and Avalanche (AVAX) in different measures. As of writing, the combined crypto market cap is down 1.56% to $3.16 trillion, proving that headwinds remain.

With recovery uncertain and BTC capital flow slowing, Ethereum's long-term price action is in question.

The Cboe BZX Exchange proposes Rule 19.3 amendment to list Ethereum ETF options, as spot ETF trading volume hits record $1.5B amid growing institutional demand.