ETH’s next big move depends on daily close above $2.1K: Data
27.02.2026
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Ether price reached a weekly high of $2,150 on Thursday, which is a key level for large ETH holders, but volatility in the crypto and stock markets continues to catalyze corrections below $2,000.
Ether Hits $2.1K But Holding It Requires Two Factors
ETH bulls briefly pushed above $2,000, but can positive funding rates and holder profitability generate enough momentum to HOLD? Data shows whales are watching the $2,100 daily close like hawks — that's the realized price level for wallets holding 100K+ ETH. Since 2020, ETH has only dipped below this whale cost basis a few times (mostly during the 2022 bear), and each time it's bounced back hard.
Futures analyst Dom calls this setup "a good clean look for the whole market." Price tapped the one-month rolling VWAP and value area high — acceptance above $2,140 could signal a shift in short-term order flow. Fail to hold? You're stuck in the range.
$1,800 Remains the Key Price Level to Watch
CoinGlass data shows over $220M in short liquidations cleared in the past two days. Now there's $2.66B in cumulative long liquidation exposure sitting near $1,800 — a massive liquidity pocket below current price. That's your danger zone.
Crypto analyst Pelin Ay spotted a critical flip: ETH funding rates on Binance swung from sharply negative to positive at 0.23% after Tuesday's drop below $1,800. Translation: late shorts got squeezed out. But now positioning is tilting long — overcrowded trades raise the risk of another long squeeze near $1,800 if momentum stalls.
Market analyst IncomeSharks identified three technical hurdles: repeat SuperTrend rejections and channel resistance near $2,250. The SuperTrend uses volatility (ATR) to define trend direction — when price trades below, the line flips red and acts as dynamic resistance. Each rebound has been rejected at that red band, meaning sellers still control the narrative.
IncomeSharks adds: Watch whether ETH revisits or finds buying interest near April lows around $1,500 — that level sits between a weekly demand zone of $1,691 and $1,384. Only after testing that area can any sustained move above $2,500 take shape.
- • Key whale level: $2,100 daily close aligns with realized price of 100K+ ETH holders
- • $1,800 = massive $2.66B long liquidation exposure zone
- • Funding rates flipped positive (0.23%) after short squeeze
- • Technical hurdles: SuperTrend rejections + $2,250 channel resistance
- • Watch $1,500-$1,691 demand zone for potential bounce before $2,500+ move
#ETH Price Analysis#Cryptotrading#Position Liquidation#Cryptocurrency market#Technical analysis
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