News

• Ethereum (ETH) drops toward $2,000 amid continued market volatility and selling pressure.
• Whale moves, ETF activity, and Bitcoin weakness fuel the recent decline.
• MVRV suggests ETH may be near a historical bottom, signalling potential rebound.

Ethereum’s recent rebound appears to be losing steam after the cryptocurrency reached a high of $2,136.

The coin is now quickly slipping towards the $2,000 mark, marking a continuation of a downtrend that has persisted over the past month.

Ethereum (ETH) is currently trading around $2,015, representing a 34.9% decline over the last month.

The sharp monthly decline is part of a broader pattern of volatility in the crypto market this year.

Trading volumes, however, remain elevated, with over $21.5 billion worth of tokens exchanged in the last 24 hours.

Market factors driving the ETH price decline

Several factors are contributing to Ethereum’s recent weakness.

One of the main drivers is elevated volatility in the derivatives and ETF markets.

Recent activity in Ethereum ETFs and Bitcoin-linked derivatives has amplified price swings.

Whale movements have also added pressure.

Large holders transferring ETH to exchanges can trigger panic selling, and reports indicate this has happened in recent weeks.

Bitcoin’s recent weakness has further weighed on Ethereum, given the strong correlation between the two cryptocurrencies.

Analysts also point to the breakdown of key support levels near $3,000 as a signal of continued downside risk.

Ethereum’s 7-day range of $1,824 to $2,369 highlights just how volatile the market has been.

But despite the downward pressure, Ethereum’s network activity remains robust.

Daily transactions and active addresses have not declined, signalling that usage of the blockchain remains strong.

This suggests that fundamentals may still support the network even if prices are under pressure.

Could a market bottom be near?

On-chain analysis offers a possible silver lining for Ethereum investors.

The Market Value to Realised Value (MVRV) metric on Santiment indicates that ETH has approached historically significant levels.

The coin recently traded below the 0.80 MVRV pricing band, a zone that historically corresponds with market bottoms.

This level often signals that many investors are at a loss, creating conditions for accumulation.

Previous dips below this band have been followed by sustained price recoveries over weeks and months.

Current readings suggest Ethereum is undervalued relative to recent history, though the deepest bottom has not yet been confirmed.

If ETH continues to hold near $2,000 and rebounds, it could mark the start of a longer-term recovery phase.

Traders and long-term holders will be watching closely for confirmation of support around this level.

Ultimately, the short-term trend is bearish, but on-chain indicators suggest that Ethereum’s decline may be nearing a turning point.

The coming days will be critical in determining whether ETH stabilises or continues its descent toward lower support levels.

The post Is the Ethereum rebound over? ETH price slips towards $2k after hitting $2,136 appeared first on CoinJournal.

• Ethereum (ETH) drops toward $2,000 amid continued market volatility and selling pressure.
• Whale moves, ETF activity, and Bitcoin weakness fuel the recent decline.
• MVRV suggests ETH may be near a historical bottom, signalling potential rebound.

Ethereum’s recent rebound appears to be losing steam after the cryptocurrency reached a high of $2,136.

The coin is now quickly slipping towards the $2,000 mark, marking a continuation of a downtrend that has persisted over the past month.

Ethereum (ETH) is currently trading around $2,015, representing a 34.9% decline over the last month.

The sharp monthly decline is part of a broader pattern of volatility in the crypto market this year.

Trading volumes, however, remain elevated, with over $21.5 billion worth of tokens exchanged in the last 24 hours.

Market factors driving the ETH price decline

Several factors are contributing to Ethereum’s recent weakness.

One of the main drivers is elevated volatility in the derivatives and ETF markets.

Recent activity in Ethereum ETFs and Bitcoin-linked derivatives has amplified price swings.

Whale movements have also added pressure.

Large holders transferring ETH to exchanges can trigger panic selling, and reports indicate this has happened in recent weeks.

Bitcoin’s recent weakness has further weighed on Ethereum, given the strong correlation between the two cryptocurrencies.

Analysts also point to the breakdown of key support levels near $3,000 as a signal of continued downside risk.

Ethereum’s 7-day range of $1,824 to $2,369 highlights just how volatile the market has been.

But despite the downward pressure, Ethereum’s network activity remains robust.

Daily transactions and active addresses have not declined, signalling that usage of the blockchain remains strong.

This suggests that fundamentals may still support the network even if prices are under pressure.

Could a market bottom be near?

On-chain analysis offers a possible silver lining for Ethereum investors.

The Market Value to Realised Value (MVRV) metric on Santiment indicates that ETH has approached historically significant levels.

The coin recently traded below the 0.80 MVRV pricing band, a zone that historically corresponds with market bottoms.

This level often signals that many investors are at a loss, creating conditions for accumulation.

Previous dips below this band have been followed by sustained price recoveries over weeks and months.

Current readings suggest Ethereum is undervalued relative to recent history, though the deepest bottom has not yet been confirmed.

If ETH continues to hold near $2,000 and rebounds, it could mark the start of a longer-term recovery phase.

Traders and long-term holders will be watching closely for confirmation of support around this level.

Ultimately, the short-term trend is bearish, but on-chain indicators suggest that Ethereum’s decline may be nearing a turning point.

The coming days will be critical in determining whether ETH stabilises or continues its descent toward lower support levels.

The post Is the Ethereum rebound over? ETH price slips towards $2k after hitting $2,136 appeared first on CoinJournal.

• Ethereum (ETH) drops toward $2,000 amid continued market volatility and selling pressure.
• Whale moves, ETF activity, and Bitcoin weakness fuel the recent decline.
• MVRV suggests ETH may be near a historical bottom, signalling potential rebound.

Ethereum’s recent rebound appears to be losing steam after the cryptocurrency reached a high of $2,136.

The coin is now quickly slipping towards the $2,000 mark, marking a continuation of a downtrend that has persisted over the past month.

Ethereum (ETH) is currently trading around $2,015, representing a 34.9% decline over the last month.

The sharp monthly decline is part of a broader pattern of volatility in the crypto market this year.

Trading volumes, however, remain elevated, with over $21.5 billion worth of tokens exchanged in the last 24 hours.

Market factors driving the ETH price decline

Several factors are contributing to Ethereum’s recent weakness.

One of the main drivers is elevated volatility in the derivatives and ETF markets.

Recent activity in Ethereum ETFs and Bitcoin-linked derivatives has amplified price swings.

Whale movements have also added pressure.

Large holders transferring ETH to exchanges can trigger panic selling, and reports indicate this has happened in recent weeks.

Bitcoin’s recent weakness has further weighed on Ethereum, given the strong correlation between the two cryptocurrencies.

Analysts also point to the breakdown of key support levels near $3,000 as a signal of continued downside risk.

Ethereum’s 7-day range of $1,824 to $2,369 highlights just how volatile the market has been.

But despite the downward pressure, Ethereum’s network activity remains robust.

Daily transactions and active addresses have not declined, signalling that usage of the blockchain remains strong.

This suggests that fundamentals may still support the network even if prices are under pressure.

Could a market bottom be near?

On-chain analysis offers a possible silver lining for Ethereum investors.

The Market Value to Realised Value (MVRV) metric on Santiment indicates that ETH has approached historically significant levels.

The coin recently traded below the 0.80 MVRV pricing band, a zone that historically corresponds with market bottoms.

This level often signals that many investors are at a loss, creating conditions for accumulation.

Previous dips below this band have been followed by sustained price recoveries over weeks and months.

Current readings suggest Ethereum is undervalued relative to recent history, though the deepest bottom has not yet been confirmed.

If ETH continues to hold near $2,000 and rebounds, it could mark the start of a longer-term recovery phase.

Traders and long-term holders will be watching closely for confirmation of support around this level.

Ultimately, the short-term trend is bearish, but on-chain indicators suggest that Ethereum’s decline may be nearing a turning point.

The coming days will be critical in determining whether ETH stabilises or continues its descent toward lower support levels.

The post Is the Ethereum rebound over? ETH price slips towards $2k after hitting $2,136 appeared first on CoinJournal.

SlowMist flagged 472 AI skills containing malicious code, as plugins and extensions increasingly become a target for hackers seeking access to the devices of cryptocurrency investors.

• AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
• bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
• Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.

Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.

The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.

However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.

Why is Axie Infinity price up today?

AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.

This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.

While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.

Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.

The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.

What is bAXS and what can you do with it?

bAXS will do the same things as AXS: Use it to ascend, evolve, and breed axies.

Spend it in-game, forge new items on App.axie, and more.

Over time, we’ll also distribute most rewards in bAXS.

The difference between both tokens is… pic.twitter.com/X8kcpNTlGf

— Axie Infinity (@AxieInfinity) February 5, 2026

Axie Infinity price outlook: Momentum or dead cat bounce?

AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.

The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.

Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.

The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.

However, the broader crypto market remains mired in bearish sentiment.

Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.

Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.

The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.

In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.

Prior accumulation zones sit here and might offer relief.

On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.

The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.

• AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
• bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
• Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.

Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.

The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.

However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.

Why is Axie Infinity price up today?

AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.

This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.

While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.

Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.

The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.

What is bAXS and what can you do with it?

bAXS will do the same things as AXS: Use it to ascend, evolve, and breed axies.

Spend it in-game, forge new items on App.axie, and more.

Over time, we’ll also distribute most rewards in bAXS.

The difference between both tokens is… pic.twitter.com/X8kcpNTlGf

— Axie Infinity (@AxieInfinity) February 5, 2026

Axie Infinity price outlook: Momentum or dead cat bounce?

AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.

The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.

Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.

The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.

However, the broader crypto market remains mired in bearish sentiment.

Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.

Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.

The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.

In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.

Prior accumulation zones sit here and might offer relief.

On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.

The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.

• AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
• bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
• Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.

Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.

The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.

However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.

Why is Axie Infinity price up today?

AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.

This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.

While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.

Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.

The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.

What is bAXS and what can you do with it?

bAXS will do the same things as AXS: Use it to ascend, evolve, and breed axies.

Spend it in-game, forge new items on App.axie, and more.

Over time, we’ll also distribute most rewards in bAXS.

The difference between both tokens is… pic.twitter.com/X8kcpNTlGf

— Axie Infinity (@AxieInfinity) February 5, 2026

Axie Infinity price outlook: Momentum or dead cat bounce?

AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.

The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.

Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.

The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.

However, the broader crypto market remains mired in bearish sentiment.

Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.

Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.

The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.

In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.

Prior accumulation zones sit here and might offer relief.

On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.

The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.

• AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
• bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
• Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.

Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.

The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.

However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.

Why is Axie Infinity price up today?

AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.

This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.

While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.

Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.

The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.

What is bAXS and what can you do with it?

bAXS will do the same things as AXS: Use it to ascend, evolve, and breed axies.

Spend it in-game, forge new items on App.axie, and more.

Over time, we’ll also distribute most rewards in bAXS.

The difference between both tokens is… pic.twitter.com/X8kcpNTlGf

— Axie Infinity (@AxieInfinity) February 5, 2026

Axie Infinity price outlook: Momentum or dead cat bounce?

AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.

The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.

Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.

The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.

However, the broader crypto market remains mired in bearish sentiment.

Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.

Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.

The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.

In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.

Prior accumulation zones sit here and might offer relief.

On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.

The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.

• AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
• bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
• Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.

Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.

The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.

However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.

Why is Axie Infinity price up today?

AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.

This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.

While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.

Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.

The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.

What is bAXS and what can you do with it?

bAXS will do the same things as AXS: Use it to ascend, evolve, and breed axies.

Spend it in-game, forge new items on App.axie, and more.

Over time, we’ll also distribute most rewards in bAXS.

The difference between both tokens is… pic.twitter.com/X8kcpNTlGf

— Axie Infinity (@AxieInfinity) February 5, 2026

Axie Infinity price outlook: Momentum or dead cat bounce?

AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.

The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.

Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.

The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.

However, the broader crypto market remains mired in bearish sentiment.

Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.

Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.

The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.

In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.

Prior accumulation zones sit here and might offer relief.

On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.

The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.