Ethereum (ETH) Tests $2,080 Resistance Amid Rising Bitcoin Dominance Impact

Ethereum (ETH) is currently experiencing selling pressure, mirroring the recent market movements of Bitcoin. Analysts say the next direction of the price of ETH depends on the changes in the Bitcoin dominance. Investors are advised to look at the lower time frames for reversal signals.

At press time, Ethereum is trading at $1,950.46, with a 24-hour trading volume of $24.81 billion and a market capitalization of $238.42 billion, according to CoinMarketCap. Over the last 24 hours, ETH has declined by 2.89%, reflecting a broader slowdown in cryptocurrency markets.

Source: CoinMarketCap

Ethereum Follows Bitcoin as Market Faces Pressure

On February 11, 2026, the crypto analyst, CRYPTOWZRD, provided his insights on the daily performance of Ethereum. He stated that Ethereum is following the same trend as Bitcoin.

Moreover, CRYPTOWZRD stated, “We need a pullback in Bitcoin dominance to see further upward movement and more trading opportunities for Ethereum. For now, the focus should be on securing current positions. Holding above $2,080 could push the price higher.”

Source: X

The daily candle for ETH, as well as the ETH/BTC pair, has closed in the bearish region, indicating the decline of Bitcoin. The ETH/BTC pair is currently testing the daily support levels, where a bullish reversal can happen if Bitcoin dominance drops.

A move above $2,120 can enable ETH to rise to $2,800, filling the existing gap on the CME chart along with Bitcoin. Analysts are looking at lower time frame charts to decide the next step, as the current position stabilizes.

Ethereum’s price movements were choppy on the intraday charts. A rise above $2,080 would indicate bullish momentum for ETH. However, the overall market is subject to the impact of the price movements of Bitcoin.

Also Read | Ethereum’s (ETH) Bold 2026 Shift: Key Changes Ahead

Selling Pressure Rises on Ethereum

Ethereum’s momentum indicators suggest selling pressure is building up. Its RSI is at 31.46, which is lower than the average of 41.13. It is close to being oversold. It is trading at $1,973.57, which is far from the MA Ribbon, comprising the 20 SMA at $3,197.85, the 50 SMA at $3,040.29, the 100 SMA at $3,063.11, and the 200 SMA at $2,445.41.

The MACD indicator also shows that the bearish trend is confirmed, as the MACD line is at -309.11, which is below the signal line at -162.92. The histogram is at -146.18, which is in the negative region. This highlights that the selling pressure is still strong, and the buyers have not taken charge.

Overall, the short-term picture for ETH is mixed, with the price action largely dictated by the performance of Bitcoin. CRYPTOWZRD recommends that key support and resistance levels be watched carefully in order to identify entry opportunities for the next move upwards.

Also Read | Ethereum Price Trends: Which Is the Most Profitable Month for ETH?