Ethereum Slumps Below $2,000 as February Losses Exceed 36%

Ethereum experienced a significant downturn in February 2026, with its value plummeting by more than 36% over the course of the month. The second-largest cryptocurrency by market capitalization struggled to maintain its footing, eventually slipping below the critical $2,000 psychological support level. This decline highlights intensified selling pressure that has disproportionately affected ETH compared to other large-cap altcoins. Market analysts note that breaking this key threshold signals strong bearish momentum and potential technical weakness in the near term. Investors are closely monitoring the ETH/USD pair as it faces one of its most challenging monthly performances in recent history.