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Ethereum (ETH) is trading near $1,903 and is facing strong resistance at $2,100.
Mutuum Finance has raised $20.6 million in presale and attracted over 19,000 holders.
DeFi growth could support Ethereum in the long term, but macro pressures still affect short-term price action.
Ethereum is trading near $1,903 at press time. Its price has been moving up and down over the past few weeks, showing strong instability. Many traders are watching the $2,100 level as it has become an important resistance area. When ETH price stays below a certain level for some time, it becomes harder to break. At the moment, the asset is still under that mark.
Daily trading activity remains active, but momentum has been mixed. Buyers have stepped in at lower levels, yet strong upward pressure has not been sustained long enough to push the asset above $2,100. The broader crypto market has also been volatile, affecting Ethereum’s short-term direction.
Mutuum Finance is a DeFi lending project still in presale. It has raised $20.6 million so far and has more than 19,000 token holders. This shows that many people are still interested in new DeFi projects, even as big cryptocurrencies struggle to move higher.
The strong presale means investors are looking for early opportunities. Money invested in new projects often reflects belief in the future of decentralized finance. It is also important to see the bigger picture. Ethereum’s market value is in the hundreds of billions of dollars. Compared to that, $20.6 million is small and unlikely to cause a big jump in ETH’s price on its own.
Recent global economic concerns have created pressure across financial markets. Risk assets, including cryptocurrencies, have pulled back amid geopolitical tensions and trade developments. During uncertain times, investors often reduce exposure to volatile assets.
Ethereum has not been immune to this trend. The price slipping below $2,100 earlier reinforced short-term bearish sentiment. When a key level breaks downward, it can slow recovery attempts. For ETH to reclaim and hold above $2,100, stronger buying activity and improved overall market mood may be necessary.
Also Read - Ethereum Price Alert: What Happens Below $1,800?
Mutuum Finance raising money may not directly push Ethereum above $2,100, but it can still help in other ways. DeFi projects run on blockchains, and Ethereum is one of the main networks used for these apps. When new projects grow and bring in more users, activity on the network increases.
More activity on the blockchain can raise demand for ETH, as it is used to pay fees, stake, and provide liquidity. If Mutuum Finance completes its presale and launches successfully, and if it attracts strong total value locked (TVL), it could help boost overall ecosystem activity.
In the past, a strong interest in decentralized finance has often improved the mood in the digital asset space around Ethereum. When the DeFi sector grows, it supports Ethereum’s image as a useful and innovative blockchain.
From a chart perspective, $2,100 is now a clear resistance zone. Price previously fell below that area, and it has not yet managed a sustained move back above it. Traders typically look for high trading volume and strong follow-through to confirm a breakout.
If Ethereum price rises above $2,100 and stays there with solid momentum, the next resistance area could appear between $2,120 and $2,170.
On-chain data such as active addresses, transaction fees, and exchange flows will also matter. Rising activity combined with reduced exchange deposits could signal stronger long-term confidence.
Also Read - How to Convert ETH to USDT on Trusted Exchanges at Low Cost: Easy Guide
Ethereum is trading near $1,903 and is still below the important $2,100 level. Mutuum Finance has raised $20.6 million and now has more than 19,000 holders. This shows that many traders are still interested in decentralized finance projects. However, this amount of resources is not enough to push ETH price much higher.
For Ethereum to move above $2,100, the overall digital asset space needs to improve considerably. Stronger buying and investor confidence are also needed. If global conditions stabilize and DeFi adoption rises, ETH could regain strength. For now, $2,100 remains a tough level to break.
1. What is Ethereum’s current price?
Ethereum is trading around $1,903 as of February 23, 2026.
2. Why is $2,100 important for ETH?
The $2,100 level acts as a key resistance zone, meaning strong buying pressure is needed to move above it and hold gains.
3. How much has Mutuum Finance raised?
Mutuum Finance has raised $20.6 million during its presale phase and gained over 19,000 token holders.
4. Can Mutuum Finance’s fundraising push ETH above $2,100?
The $20.6 million raise is significant for a new project, but it is small relative to Ethereum’s total market cap, so it may not move the price directly.
5. What could help Ethereum break above $2,100?
Improved market sentiment, stronger buying momentum, higher network activity, and reduced macro uncertainty could support a breakout.
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