Ethereum Price Forecast – ETH Stabilizes Near $1,975, Bulls Eye $2,010

Highlights:

• Ethereum is in a rebound after bouncing off $1940.7 support 
• Rally off this support puts $2010.3 in focus
• Improving fundamentals could sustain Ethereum’s rally to $2010.3 or higher

Ethereum (ETH) is in the red today, mirroring the overall trend across the cryptocurrency market. At press time, Ethereum was trading at $1975.72, down by 5.36% in the day. This is a significant underperformance relative to Bitcoin intraday and is dragging most of the altcoin market along with it. Despite the price correction, ETH trading volumes are flat intraday. They are down by a negligible 0.82% to stand at $24.5 billion. 

The fact that Ethereum is down intraday but volumes are unchanged goes to show that the bottom could be in. That’s because it means the average holder is no longer selling their Ethereum. However, it could also mean that new money is yet to start flowing back into Ethereum.

If the price begins to show an uptick, there is a good chance that capital could flow back in strongly and trigger a rally back to prices as high as $3000 in the short to medium term. There are a couple of factors that could trigger an Ethereum rebound in the short term. 

Bitcoin’s Price Action Could Trigger ETH Rebound

One of them is Bitcoin’s price action. Like every other altcoin, Ethereum trades in the overall direction of Bitcoin. At the moment, Bitcoin is sending signals that it could be headed for a rebound. It is trading in a liquidity zone that historically triggers price rebounds. In this case, the target could be a rally to $100k or higher.

Bearish Elliott Wave scenario on the daily #Bitcoin chart: Potential completion of Wave 5 – the final capitulation phase.

Now watching for an ABC corrective rebound.

These C-waves can be explosively sharp and fast to the upside (think quick 30–50% pumps in past cycles).

The… pic.twitter.com/lXvd7HB7bs

— Butch 💹 (@Butch21000000) February 16, 2026

For Ethereum, such a rebound for Bitcoin could mean a rally to prices as high as $3000 in the very short term. ETH could even hit higher prices because, overall, altcoins tend to move more strongly in the overall direction of Bitcoin. 

Analysts Anticipate A Major Ethereum Rebound

Outside of Bitcoin’s price action, there is a growing consensus among analysts that Ethereum is oversold. One analyst, Tom Lee, while speaking in Hong Kong recently, pointed to a pattern in Ethereum’s price action. He noted that every time Ethereum drops by 50% or more from its last all-time high, it usually makes a V-shaped recovery.

Everyone wanted a buying opportunity when the market was pumping.

Now altcoins have erased their gains and are back to multi-year prices:

ETH = $1,950 (Last seen in 2025)
SOL = $69 (Last seen in 2023)
BNB = $579 (Last seen in 2025)
XRP = $1.14 (Last seen in 2024)
SUI = $0.79…

— litonhm.eth  (@litonhm_eth) February 16, 2026

Other analysts point to the fact that intraday dumps no longer draw in any excitement or panic. It goes to show that the average ETH holder at this point has a long-term view of Ether. It also means that short sellers are taking a step back and do not expect the price to drop much lower. Under such circumstances, the odds are high that a slight increase in buying volumes could trigger a sharp surge in price.

Ethereum Geographical Reach Growing

Outside of pure price action dynamics, Ethereum core fundamentals are getting better. Ethereum remains one of the most prominent players in key markets such as DeFi. Ethereum is also expanding its physical geographical reach, a factor that could draw in new investors.

Ethereum now has a physical office in Argentina, which will act as a hub for blockchain innovation. The best part about this new hub is that it is backed by Vitalik Buterin, the Ethereum co-founder, and one of the most influential figures in the cryptocurrency space. Such moves at a time when the price is at record lows could trigger a significant rebound for Ethereum in the short to medium term. 

Technical Analysis – ETH Rebounds After Bouncing Off Support

Ethereum is on a rebound after rebounding off the $1940.7 support. If bulls sustain momentum, Ethereum could rally to $2010.3 in the short term. On the other hand, if Ethereum bulls fail and the price retests the $1940.7 support, two things could happen.

The first is a consolidation around this support until another significant price move happens. The second is a correction through the $1940.7 support, which could trigger a drop to $1907.7 in the short term. Of these scenarios, a rally to $2010.3 is more likely due to a confluence of factors that point to ETH having bottomed out.