Ethereum Loses $100B as Price Slides Nearly 27% to $2,107

Published at 2026-02-04 20:45:34

Ethereum posted its steepest decline of the year Wednesday, sliding nearly 27% over the past seven days and erasing roughly $100 billion in market capitalization as the token fell to $2,107. The move marks ETH’s lowest close since May 2025 and caps a volatile week that saw accelerating selling pressure across major crypto assets. The sharp drop raises the risk of liquidations for leveraged positions and puts pressure on DeFi collateral across lending platforms, while knocking investor confidence that had been rebuilding after last year’s recoveries. Traders and holders will be watching key technical support levels and broader market cues in the coming days to see whether this is a deeper correction or a short-lived capitulation.

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Ethereum co‑founder Vitalik Buterin said on Feb 22, 2026 that combining AI tools with human oversight, improved verification, and stronger redundancy could make crypto systems more resilient after a recent $400M hack.

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