Gate News bot message, Gate market display, ETH breaks through 2000 USDT, now priced at 2000.01 USDT.

From 16:00 to 16:15 (UTC) on February 17, 2026, Ethereum (ETH) achieved a +1.04% increase, with the price rising from $1,966.04 to $1,986.75. The short-term performance outperformed mainstream cryptocurrencies like BTC and SOL. Market activity has significantly increased, with 24-hour trading volume reaching $18.88 billion. Market attention continues to rise, and volatility has intensified. The main drivers of this movement stem from macro-level liquidity improvements and technical bullish signals. First, the Federal Reserve initiated a moderate rate cut cycle in mid-February, leading to

Gate News bot message, Gate market display, ETH drops below 1950 USDT, current price 1948.94 USDT.

From 14:30 to 14:45 (UTC) on February 17, 2026, ETH price experienced a short-term decline of 1.34%. This fluctuation occurred during a high-liquidity period when European and American markets intersect, accompanied by increased order book volatility. The market showed a phased wait-and-see attitude regarding Ethereum's future direction. On-chain data indicates that the ETH mainnet saw a net outflow of up to 21,395.6 ETH within the previous 24 hours, significantly reducing short-term market liquidity support and acting as a trigger for this price decline. The main driver of this fluctuation was large-scale on-chain fund transfers out of exchanges, leading to a decrease in available liquidity for buy orders.

ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,892, the total long liquidation strength on major CEXs will reach $676 million. Conversely, if ETH breaks above $2,088, the total short liquidation strength on major CEXs will reach $670 million.

BlockBeats News, February 17 — According to an official announcement, BitMine increased its ETH holdings by 45,759 ETH last week, bringing its total holdings to 4,371,500 ETH, which accounts for 3.62% of the total Ethereum supply (120.7 million ETH). Among these, BitMine has staked 3,040,483 ETH. Based on the ETH price at that time of $1,998 per ETH, the total value is approximately $6.1 billion.

According to Coinglass data, the whales on the Hyperliquid platform currently hold positions worth $2.797 billion, with longs accounting for 48.94% and shorts for 51.06%. Long positions have a loss of $144 million, while short positions are profitable by $245 million. The giant whale address 0xa5b0..41 is long ETH with 15x leverage, currently unrealized loss of $2.564 million.

ChainCatcher reports that, according to Coinglass data, if ETH breaks above $2,064, the total liquidation strength of long positions on major CEXs will reach $708 million. Conversely, if ETH drops below $1,870, the total liquidation strength of short positions on major CEXs will reach $664 million.

Odaily Planet Daily reports that according to Arkham monitoring, trader 0x58bro (0x58b...f35) currently holds a short position with an unrealized profit of $7 million. His main profits come from shorting ETH (unrealized profit of $3.7 million) and ENA (unrealized profit of $1.45 million). Notably, this trader has only 1,300 followers on the X platform.

ChainCatcher reports that, according to Onchain Lens monitoring, a whale has spent another 43 BTC (approximately $2.91 million) to buy 1,468 ETH. So far, this address has spent a total of 129 BTC (about $8.72 million) to purchase 4,412 ETH at an average price of $1,976, and has transferred these ETH to a new wallet.