Key Highlights:
- Ethereum (ETH) dropped below the $2,100 mark today, February 5, 2026.
- ETH ETFs recorded outflows on February 4, 2026.
- Tom Lee’s BitMine reported an unrealized loss of $7.4 billion on its Ethereum holdings.
Ethereum (ETH) has dropped below the $2,100 mark today, February 5, 2026 and its price is hovering around the $2,080 mark. As of now, the entire crypto market is experiencing selling pressure. The price for all the tokens has been sliding since the past week.
At press time, the price of the ETH token stands at $2,087.94 with a drop of 8.3% in the last 24-hours as per CoinMarketCap.
ETH ETFs Also Experienced Outflows
The Ethereum ETF also experienced an outflow of $79.4 million on February 4, 2026 as per Farside data. There has been significant outflow in the last week due to which the total value of assets held in these ETFs has come down to $13.04 billion.
Ethereum ETF Flow (US$ million) – 2026-02-04
TOTAL NET FLOW: -79.4
ETHA: -58.9
FETH: -20.5
ETHW: 0
TETH: 0
ETHV: 0
QETH: 0
EZET: 0
ETHE: 0
ETH: 0For all the data & disclaimers visit:https://t.co/FppgUwAthD
— Farside Investors (@FarsideUK) February 5, 2026
Moreover, yesterday, only Fidelity’s Ethereum ETF (FETH) and BlackRock’s iShares Ethereum Trust ETF recorded $20.5 and $58.9 in withdrawals respectively. The rest of the funds from Grayscale, VanEck and others remained flat for the day and did not see any money coming in or going out of the ETF products.
Crypto-Wide Selloff Fueled by AI Stock Crash
The fall in Ethereum is part of a broader crypto market drop. It all started when major AI related stocks like that of Nvidia dropped sharply. This then dragged the entire tech market with it. When the tech market drops, investors usually start playing safe and pull their money out of assets that are risky and obviously crypto is one of them. This is the reason why the crypto market also took a hit along with the tech market today.
Bitcoin also crashed to $70,000 mark, BTC ETFs also saw money flowing out of them and other cryptocurrencies felt the pressure as well. It was also observed that apart from BTC and ETH, SOL ETFs also experienced outflow and lost millions.
The ETH token had hit $4,900 in August 2025, and currently has dropped more than 57%, hitting a low of about $2,080 today. This decline has been recorded within the last 6 months.
Tom Lee’s BitMine Faces Massive Losses
Some big players are also being hit hard in this sell-off. For example BitMiner Immersion, which is backed by well-known crypto bull Tom Lee of Fundstrat, reported an unrealized loss of $7.4 billion on its Ethereum holdings.
💥 JUST IN
Tom Lee’s Bitmine immersion is now down $7.4B (-45.19%) on its Ethereum holdings. pic.twitter.com/umpdd9xNKG
— That Martini Guy ₿ (@MartiniGuyYT) February 5, 2026
Market indicators are also currently indicating extreme fear. The Fear and Greed Index is down to 12, which indicates extreme fear within the crypto market. Ethereum’s RSI has also dropped which indicates that the token has entered an oversold territory, which indicates a heavy selling pressure.
Also Read: Bitmine Accumulates Over 4.2 Million Ethereum Amid Price Decline
