[Analyst: Ethereum Drops to $1,900, Multiple Indicators Suggest Weakness May Persist] Deep Tide TechFlow reports that on February 25, according to Cointelegraph, analysts stated that Ethereum (ETH) price dropped to $1,900, liquidating $224 million in long positions within 48 hours. Over the past 10 days, ETH price has fallen by 14%, with multiple indicators pointing to a bleak market outlook. On-chain data shows that the total value locked (TVL) on the Ethereum network has dropped to $51 billion, marking a new low since May 2025. In the past 30 days, network transaction fees amounted to only $13.7 million, significantly lower than the average of $33 million at the end of 2025. Meanwhile, U.S.-listed Ethereum ETFs have seen net outflows of $405 million since February 11, reducing total assets under management to $12.4 billion. In the options market, the put/call options trading volume premium has surged to 2.2x, indicating heightened risk aversion sentiment in the market. Analysts pointed out that Ethereum's price remains at risk of further decline until derivative market indicators stabilize.