Ethereum Fails to Hit $2,200. Will ETH Hit New Lows Again in 2026?
TradingKey - Ethereum Pulls Back After Hitting $2,200; Will It Continue Downward to New Lows?
On Friday (February 27), the cryptocurrency market experienced a collective pullback, with Ethereum (ETH) price falling 1.4% to pull back near $2,000, with the current price at $2,026.
In early February, the price of Ether plummeted to near $1,800, hitting its lowest point since May 2025. Over the past month, Ethereum's price has fluctuated within the $1,800-$2,200 range. Currently, investor confidence has not yet fully recovered, with the Fear & Greed Index at 16, indicating a continued state of panic.
Ethereum price chart, Source: TradingView
Despite Ethereum's sluggish price performance over the last 30 days, Ethereum DAT companies have not sold off ETH; instead, some have continued to increase their holdings. Among them, BitMine Immersion (BMNR) increased its position by over 170,000 ETH, while Coinbase (COIN) also added over 2,000 ETH to its holdings.
Top 10 Ethereum Institutional Holders, Source: CoinGecko
Notably, fund flows for U.S. spot Ethereum ETFs have recently shifted from net outflows (red) to net inflows (green), indicating a return of capital that provides support for Ethereum to hold the $1,800 level. However, the current scale of inflows remains small and insufficient to drive a significant price surge; nevertheless, a breakout is expected ahead of the Federal Reserve's interest rate meeting in late March.
U.S. Spot Ethereum ETF Fund Flow Changes, Source: CoinGlass
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