Ethereum is facing significant selling pressure, following Bitcoin’s recent market downturn. According to analyst CRYPTOWZRD, ETH’s next direction depends on a pullback in Bitcoin dominance. Investors are advised to monitor lower time frames for potential reversal signals as key technical indicators point to bearish momentum.
Ethereum (ETH) is experiencing selling pressure, mirroring recent movements in Bitcoin. Analysts state the next price direction for ETH depends on changes in Bitcoin dominance.
At press time, Ethereum is trading at approximately $1,950, according to CoinMarketCap. The token has declined by nearly 3% over the last 24 hours.
On February 11, 2026, crypto analyst CRYPTOWZRD stated Ethereum is following Bitcoin’s trend. He stated, “We need a pullback in Bitcoin dominance to see further upward movement and more trading opportunities for Ethereum.”
CRYPTOWZRD added that holding above $2,080 could push the price higher. A move above $2,120 could potentially enable ETH to rise toward $2,800.
Ethereum’s momentum indicators suggest building selling pressure. Its RSI is at 31.46, nearing oversold territory and below the average of 41.13.
The MACD indicator also confirms the bearish trend. The MACD line is significantly below the signal line, with the histogram in the negative region.
Overall, the short-term picture for ETH is mixed, with price action largely dictated by Bitcoin’s performance. Analysts recommend watching key support and resistance levels to identify potential entry opportunities.
