Ethereum Price Anticipated Stable Performance Before February 10 Stablecoin Summit
After a downward turn, Ethereum is preparing for a slight recovery. Ethereum is coming off a 8% decline and is sitting at a price level of 1,747 USD. This is the first time Ethereum has reached this price level since May 6, 2025. Currently, Ethereum has increased to 2,080 USD. This marks a recovery for Ethereum, and perhaps a shift in sentiment for traders.
This price change is coming alongside increases in the rest of the cryptocurrency market. Over the last 24 hours, the cryptocurrency market as a whole has increased in value by 1.03% as well. Bitcoin is a large portion of this market, and is coming off a 9% decline as well. Bitcoin is sitting at a price just below 70,000 USD.
Investors have a clear eye on the White House stablecoin meeting that is to be held on February 10, 2026. This meeting is the first attempt of resolving months of stalled regulations on stablecoins. The attendees of this meeting include large and well known banks in the United States such as JPMorgan, Bank of America, and Wells Fargo.
The attendees from the cryptocurrency side include executives from Coinbase, Ripple, and Circle. This is the first time the Clarity Act has been discussed. The Clarity Act has never gained traction in the past, making this exclusive meeting a large shift in the pace of the Clarity Act.
Notable areas of focus will entail liquidity, reserves, safe harbors, jurisdictional clarity, and consumer protections for stablecoins. The ongoing economic inactivity for various digital assets, and particularly Bitcoin and Ethereum, has caused additional pressure for the administration to address the concerns.
In the event that the summit reaches substantial agreements, it is anticipated that Congress will be able to advance the Clarity Act to a Senate vote as early as Spring which would have significant consequences for the regulation of cryptocurrency in the United States. Without a counter, the United States will continue falling behind in the financial stream of innovation as the world progresses.
From a technical perspective, Ethereum is attempting to regain upward momentum. For the last few trading sessions, support has been seen as holding around $1,900 while resistance has been established around $2,225 and $2,500. A push through $2,225 will give ETH a chance at some upward momentum.
ETH has a 4-hour Relative Strength Index (RSI) of 44 which is just below the 50 mark, meaning that the bulls will likely be out in the near future. The MACD is just about to cross bullish, meaning that there will be a change in momentum. The MACD line is above the signal line and the histogram is green meaning there is a change in the momentum that has been building.
With the upcoming White House meeting and Ethereum responding to potential regulations, traders will be anticipating Ethereum’s price movements. If Ethereum’s price reactions to the meeting are positive, investors can expect Ethereum to break other resistance levels, possibly increasing to $2,500. A merger of Ethereum’s technical recovery and regulations will make the upcoming week essential for Ethereum and the entire cryptocurrency market.
