THE TICKER IS priceETH

February is shaping up to be an exciting month for crypto with strong narratives driving key sectors. AI related tokens continue to gain momentum, fueled by advancements in AI integration.GameFi is also heating up as projects roll out new updates and partnerships.Memecoins remain a wildcard, with hype-driven rallies still in play.As for specific coins BTC and ETH remain solid bets but mid cap gems in AI and DeFi could see explosive moves. $BTC $ETH

Social media is buzzing with discussions around Bitcoin ($BTC ) as traders analyze its price movements and market dominance. Notably, influential crypto figures are debating Bitcoin reserves, further highlighting its role as the leading asset in the sector. Dogelon Mars ($ELON ) has gained traction, largely due to speculation around Elon Musk’s influence on Dogecoin ($DOGE ). Some believe Musk’s actions in blockchain technology and his ties to U.S. regulators might indicate deeper involvement in the crypto space, fueling speculation. Ethereum ($ETH) is seeing renewed interest, thanks to institutional investments. Reports suggest BlackRock has been accumulating ETH, leading to increased optimism about Ethereum’s long-term role in the ecosystem. Meanwhile, ETH’s market performance remains a hot topic across various crypto forums. Ledger AI ($LEDGER) is also making waves, with discussions centered on crypto security and private key storage. A recent XRP Ledger outage further sparked debates on blockchain security and network reliability. Tether ($USDT) remains a go-to stablecoin for traders, with high trading volumes reinforcing its dominance. Lastly, FTX Token ($FTT) is back in focus after news that creditors owed under $50,000 will start receiving payments by February 2025. The crypto community is debating how these repayments might affect the market, with some expecting reinvestment into digital assets.

Ethereum ($ETH ) has faced significant headwinds since its 24.5% decline over the past 30 days, struggling to reclaim the $2,800 level. Investor sentiment has weakened, and futures market data indicates declining optimism among professional traders. Long-to-short ratios on major exchanges have fallen, suggesting reduced confidence in ETH’s near-term price recovery. A key factor in Ethereum’s underperformance is growing competition from networks like Solana and Hyperliquid, which offer alternative solutions for scalability and lower fees. Additionally, Ethereum’s monetary policy has come under scrutiny, with supply increasing at an annualized rate of 0.5%. This suggests lower demand for Ethereum’s blockchain space, likely due to layer-2 adoption. Despite these challenges, institutional demand remains strong. Since January 30, spot ETH ETFs have seen $487 million in net inflows, signaling continued interest. Moreover, World Liberty Financial, a project linked to Donald Trump, has accumulated 66,239 ETH ($182M). Looking ahead, Ethereum’s ability to break past $3,400 will depend on investor sentiment around the upcoming ‘Pectra’ upgrade and its impact on network efficiency. While derivatives data suggests no outright bearishness, Ethereum needs a clear catalyst to regain momentum in this volatile market.

Galaxy’s Novogratz calls Ethereum sentiment ‘unbelievably bearish’ as ETH price struggles to keep pace

Ether ( $ETH ) suffered a significant hit on Feb. 3 and has since struggled to maintain levels above $2,800. Ether is down 24.5% over the past 30 days, while the broader cryptocurrency market capitalization has fallen by 10% during the same period. This performance has disappointed investors, prompting some to question whether ETH has sufficient momentum to return to bullish territory. ETH futures markets now show the lowest level of optimism among professional traders in over a month. This development has raised concerns about whether Ether can recover to $3,400 anytime soon. A higher long-to-short ratio typically signals a preference for long (buy) positions, while a lower ratio indicates that traders favor short (sell) contracts. Currently, top ETH traders on the crypto biggest exchange report a long-to-short ratio of 3.3x, well below the previous two-week average of 4.4x. At another exchange , the ratio is 1.2x compared to a two-week average of 2.2x. Some of Ether’s recent underperformance can be attributed to increased competition. However, Ethereum’s monetary policy and ongoing disputes over scalability have also contributed. Over the past 30 days, Ether’s supply increased at an annualized rate of 0.5%, according to the “ultrasound money” website. This trend reflects low demand for blockchain space and has been driven by the adoption of layer-2 scaling solutions. The Ethereum Foundation has faced strong criticism for its limited involvement in several key ecosystem projects. Some long-time developers have publicly expressed their discontent, prompting Ethereum co-founder Vitalik Buterin to assert sole authority over the Ethereum Foundation on Jan. 21. On a positive note, inflows into spot Ether exchange-traded funds (ETFs) and recent ETH purchases by World Liberty Financial—a project closely linked to US President Donald Trump—suggest that buyers remain interested. Since Jan. 30, US spot Ether ETFs have seen net inflows of $487 million, a complete reversal from four previous trading sessions that experienced net outflows of $147 million. On Jan. 31, World Liberty Financial—a tokenized digital asset project backed by the Trump family—acquired an additional $10 million in Ether, according to data . The firm’s holdings reached 66,239 ETH, valued at $182 million as of Feb. 5, marking its largest position ahead of Wrapped Bitcoin (WBTC) and other altcoins. Ether derivatives premium dropped to 7% after drop in leverage demand To determine whether whales and market makers have turned bearish on Ether, analysts should examine ETF monthly futures markets. These contracts typically trade at a 5% to 10% premium relative to spot markets to account for the longer settlement period. The Ether derivatives market reinforces this sentiment, with the premium falling to 7% from 10% on Feb. 2. Although still within the neutral range, there is less demand for leveraged long positions among professional traders. More notably, the ETH futures premium remained above the 5% threshold for bearish markets even during the crash on Feb. 3. There is no clear evidence from ETH derivatives markets that whales have turned bearish or abandoned hopes for further bullish momentum. Meanwhile, increased competition from Solana and Hyperliquid has led investors to reassess Ether’s upside potential. Investors also appear hesitant to add bullish positions ahead of the upcoming ‘Pectra’ upgrade, given that its immediate benefits for the average user remain uncertain. Ultimately, the current $2,800 price seems to offer a reasonable entry point, considering Ethereum’s leadership in total value locked (TVL) and growing institutional demand. Whether the $3,400 level can be reclaimed depends on clearer benefits for ETH stakers and long-term investors.