February 5 News, affected by continuous selling, Ethereum prices have fallen sharply, with ETH entering a clear downtrend channel. Capital flows have weakened, making the expectation of returning to $3,000 in February significantly less likely. The latest data shows ETH is currently trading around $2,111, with a 24-hour range between $2,080 and $2,287, and a trading volume close to $47.4 billion. Short-term volatility remains intense.
From a technical perspective, the rebound appears more like a correction rather than a trend reversal. On the four-hour chart, the MACD briefly turned green but the moving averages remain in a bearish alignment; RSI hovers near 30, indicating selling pressure has not been fully released. On the daily chart, the CMF remains negative, suggesting capital is still flowing out. The DMI shows the bearish line above the bullish line, and the ADX approaches 39, confirming that this is not a consolidation but a clear downtrend.
Key resistance zones are around $2,450 and $2,818. If trading volume cannot be increased to effectively break through these levels, the psychological barrier of $3,000 will be difficult to reach in the short term. Fibonacci retracement indicates that the current price is only slightly above the “last buffer” zone; if it breaks below, the market may test lower support levels.
Despite short-term bearish sentiment, some analysts remain optimistic about the medium to long term. Leshka believes that if the market completes a bottoming process and re-enters an accumulation phase, Ethereum could see a multiple-fold rebound in the coming months. However, this scenario depends on macroeconomic stabilization and a rebound in overall risk appetite in the crypto market.
Currently, Bitcoin is oscillating around $70,370, and Solana is hovering around $90. Mainstream assets are under pressure simultaneously, indicating capital is in a risk-off phase. For investors, February’s focus may be on defense and waiting for signals rather than aggressive chasing. Ethereum is still viewed as a high-volatility asset in the short term, and its direction will continue to be influenced by capital flows, trend indicators, and macro expectations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyperliquid Trader neoyokio.eth Averages Down CHIP Position to $3.4M at $0.098
Gate News message, April 24 — Hyperliquid trader neoyokio.eth added to their 3x leveraged CHIP long position earlier today, increasing holdings from $2.2 million to $3.4 million with an average entry price of $0.098, according to Hyperinsight monitoring. The position is currently underwater by
GateNews11m ago
Ripple RLUSD Gains Wanchain Bridge Support Across XRPL, Ethereum, and Cardano
Gate News message, April 24 — Ripple's RLUSD stablecoin has expanded its cross-chain reach after Wanchain added bridge support for the asset. The integration enables RLUSD transfers across the XRP Ledger, Ethereum, Cardano, and Wanchain networks, creating multiple interoperability routes for users m
GateNews51m ago
Ethereum Spot ETF 10-Day Inflow Streak Ends With $75.936M Net Outflow
Gate News message, April 24 — Ethereum spot ETFs recorded a total net outflow of $75.936 million yesterday (April 23), ending a 10-day streak of consecutive net inflows, according to SoSoValue data.
Grayscale Ethereum Mini Trust ETF (ETH) led inflows with $19.758 million in net deposits, bringing i
GateNews2h ago
Belarus: Crypto banks can use 26 digital assets and conduct 11 types of business
According to a report by the Belarusian news agency BelTA on April 23, Alexander Yegorov, First Deputy Chairman of the National Bank of Belarus, announced at the “2026 Digital Bank” conference that the Belarusian crypto-banking framework allows the use of 26 cryptocurrencies and 11 types of operations, as set out in accordance with Belarusian Decree No. 19, “On certain regulatory issues in the field of crypto banks and digital tokens.”
MarketWhisper2h ago
Grayscale Ethereum Staking Mini ETF Records $337M Inflows in Q1, Leads U.S. ETP Providers
Gate News message, April 24 — Grayscale's Ethereum Staking Mini ETF attracted $337 million in inflows during the first quarter of 2026, ranking first among U.S. ETP providers, according to Grayscale CEO Peter Mintzberg posting on X. The achievement reflects strong institutional demand for Ethereum s
GateNews3h ago
EtherFi proposes injecting 5,000 ETH into the rsETH rescue pool to prevent bad debts from spreading across the DeFi ecosystem
EtherFi Foundation submitted a governance proposal on April 24, authorizing the DAO treasury to allocate up to 5,000 ETH to fund the cross-protocol rescue pool for the rsETH vulnerability incident, to fill the shortfall in collateral and prevent Aave and other DeFi lending markets from incurring bad debt. This is part of EtherFi’s “DeFi United” coordinated rescue initiative.
MarketWhisper3h ago
