Ethereum price is aiming for recovery this week, following a sharp downturn last week. After plunging over 8% and touching a low of $1,747, its weakest level since May 6, 2025, Ethereum bounced back to around $2,080.
The next meeting on stablecoins at the White House on February 10 is attracting close attention of traders who are looking forward to possible market-shifting indications.
The wider crypto market has been stabilized as well, with the market increasing by 1.03% and a market cap of 2.39 trillion in the last 24 hours.
Bitcoin price led the recovery, hovering near $70,000 on Monday after a nearly 9% weekly decline.
White House Hosts Pivotal Stablecoin Meeting on Feb. 10
The White House is poised to host a high-stakes meeting on February 10, 2026, aimed at breaking months of gridlock over stablecoin regulations.
U.S. banking giants such as JPMorgan, Bank of America, and Wells Fargo will also attend crypto trade associations such as Coinbase, Ripple, and Circle for the first time. The meeting signifies an important move towards putting back the Clarity Act, which has remained stagnant over the years.
🚨SCOOP: The next iteration of the White House stablecoin yield discussions between crypto and the banks has been scheduled for Tuesday, a source within the banking industry tells me. The confab will again be staff-level, but this time representatives from the banks themselves…
— Eleanor Terrett (@EleanorTerrett) February 6, 2026
This summit on the staff level is a continuation of numerous unsuccessful efforts to fill in policy gaps between conventional finance and the crypto industry. Authorities will again agree on the possibility of crypto platforms providing interest-bearing stablecoin products.
The main concerns on the list are liquidity requirements, reserve standards, jurisdictional clarity, and consumer protections.
There is emerging pressure in the administration to end the stalemate as markets of digital assets collapse with recent volatility. Prices of Bitcoin and Ethereum had crashed, and the demand to enforce better regulatory processes was growing.
Should the summit on Tuesday produce ground, congressmen and women might be able to bring the Clarity Act to a Senate vote by early spring.
Lacking resolution, the U.S. will be left behind financial innovation leaders in the world market. The future of crypto regulation in the country could be determined by the result of this encounter.
Will Ethereum Price Reclaim $2,500? Key Levels and Signals to Watch
As of the writing time, the ETH price recovered to $2,065 after facing a pullback. Ethereum price has been slightly recovering after a long declining trend.
The closest support is at $1,900. This level has remained strong throughout the recent sessions and could serve as an important demand zone. The major hurdles are observed to be at resistance at $2,225 and then at a significant major hurdle of $2,500.
The long-term ETH projection suggests that a break above $2,225 may add to more upside momentum. The 4-hour chart Relative Strength Index (RSI) is 44, which is a little below the 50-neutral range.
The Moving Average Divergence Convergence (MACD) indicator indicates a hint of a bullish crossover. The MACD line is on the upper side of the signal line. The histogram is printing the green bars, which suggests that there may be positive momentum accumulating.
