Ethereum Price Sees Slight Correction Today (2/26/25): Can ETH Rebound to $3,000?

Jakarta, Pintu News – Ethereum (ETH) price is experiencing its worst performance in history this February. Despite the price drop, Ethereum’s Cost Basis Distribution (CBD) indicator shows that instead of completely exiting their positions, investors are accumulating ETH at lower prices.

As this accumulation increases, can ETH prices maintain support at $2,300 and potentially rally towards $3,000?

Ethereum Price Drops 0.23% in 24 Hours

On February 26, 2025, Ethereum (ETH) experienced a slight correction of 0.23%, trading at $2,488, or approximately 40,916,308 IDR. Over the past 24 hours, the price fluctuated between a low of 38,447,291 IDR and a high of 41,446,842 IDR.

With a current market capitalization of $299.89 billion, Ethereum remains the second-largest cryptocurrency by market cap. Despite the price dip, Ethereum’s trading volume showed positive momentum, reaching $35.61 billion, marking a 14.66% increase over the last 24 hours.

Read also: Bitcoin Price Drops to $88,000 Today (2/26/25): BTC Enters Bear Market Territory!

Ethereum Price Analysis as Cost Base Declines

Citing Coingape’s report (2/25/25), Ethereum price is experiencing bearish pressure, which has led to a delay in the altcoin season. However, ETH has survived the usual panic selling trend, as Glassnode’s Cost Basis Distribution (CBD) metric shows that Ethereum’s cost basis continues to decline.

The CBD metric is used to look at the price at which new investors are buying ETH. When the cost base decreases, it signals that investors are willing to buy Ethereum at a lower price.

One of the main accumulation zones where traders bought 768K ETH when the price dropped was at $2,632. Earlier this month, when ETH fell below $3,300, traders also bought 1.22 million ETH at $3,149.

If this downward trend continues, it could mark the start of another accumulation phase, where traders will buy ETH as the price drops.

As the cost base decreases, there is a high probability that the Ethereum price will be able to hold at key support levels. This depends on whether traders stick to the previous accumulation trend.

Also read: Top 5 Crypto Performers Today (2/26/25): Number 1 Altcoin Soars 31%!

Key Support Levels to Watch Out For

Ethereum price almost recorded its worst performance in February and bucked the historical trend that has shown that this month has always been favorable for ETH.

As prices move backwards, one very important support level to watch is $2,300.

As highlighted by trader Ali Charts, Ethereum price has been trading above this support level since February last year. If this level is broken, it will most likely accelerate the downward trend towards the psychological price of $2,000.

As mentioned, the decline in the cost base supports the assumption that the ETH price will stay above $2,300. Moreover, if the long liquidation subsides after nearly $300 million in forced sales in 24 hours according to Coinglass, this could give room for a recovery.

Another price level to look out for in Ethereum price predictions is the lower trend line of the falling wedge pattern on the daily chart. A falling wedge pattern often signals a reversal from a bearish trend.

If ETH bounces off the lower trendline and reverses the resistance at the upper trendline with strong buying volume, it could trigger a rally past $3,200. Conversely, if this support at the lower trendline fails to hold, it could lead to further declines.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Ethereum Price Analysis as Cost Basis Drops – Will ETH Hold $2,300 Support? Accessed on February 26, 2025