Ether is down 20% in February, but a developing bullish setup below $2,000 and growing upside liquidation clusters hint at a quick rebound.
💡 DMK Insight
Ether’s 20% drop this month is significant, but here’s the kicker: it’s forming a bullish setup just below the $2,000 mark. With liquidation clusters building up, we could see a swift rebound if buying pressure returns. Traders should keep an eye on how ETH behaves around this psychological level. A bounce off $1,950 could trigger a short squeeze, especially if we see volume spike. But don’t ignore the potential for further downside; if it breaks below $1,900, we might see a deeper correction. The broader market context is also crucial—if Bitcoin holds steady or recovers, it could provide the lift Ether needs. Watch for correlation with BTC movements, as they often influence altcoin trends. Keep your charts ready for a potential breakout above $2,050, which could signal a more sustained rally.
📮 Takeaway
Monitor ETH closely around $2,000; a bounce could lead to a quick rebound, but a drop below $1,900 may signal deeper losses.






