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
Why Does Vitalik Buterin Want A Simpler Ethereum?
Vitalik Buterin has again raised a powerful idea about the future of Ethereum. He believes running a node should remain simple and accessible for everyone. His proposal focuses on expanding Ethereum node access so regular users can participate directly in the network. Many blockchain networks
Coinfomania16m ago
Crypto Market Cap Surges Past $2.5T As Bitcoin and Ethereum Rally
The crypto market is recovering, with a market cap of $2.52T and a 3.23% increase. Bitcoin and Ethereum rose by 3.20% and 7.28%, respectively. Other gains include D ($D) at 728.37%. DeFi TVL and NFT sales also increased, while the Australian Senate supports a crypto regulatory framework.
BlockChainReporter17m ago
Virtuals Protocol (VIRTUAL) Shows AI Agents Can Thrive Off Ethereum – Here’s What That Means
Virtuals Protocol is making significant strides in the crypto and AI sectors with innovative features like the ERC-8183 token for trustless payments between AI agents. Recognized as a top altcoin, it fosters real-world applications, driving demand and growth for its ecosystem.
CaptainAltcoin21m ago
ShapeShift founder increased holdings by 33,500 ETH within 6 days, spending $71.24 million
According to on-chain data analytics platform Onchain Lens, ShapeShift founder Erik Voorhees has recently increased his ETH holdings. Over the past 6 days, he purchased 33,544 ETH at an average price of $2,124 per coin, spending approximately $71.24 million, with current unrealized gains of approximately $4.78 million. He also holds 2,834 XAUT and $43.8 million in USDT.
GateNews35m ago
Ethereum Foundation Transfers 5,000 ETH Worth $10.38 Million
Gate News bot message, the Ethereum Foundation transferred 5,000 ETH valued at $10.38 million to a new wallet address 30 minutes ago. This transaction marks another movement of funds by the Ethereum Foundation.
GateNews38m ago
Bitcoin Price Enters Critical Resistance Zone! Renowned Trader Eugene: Already Reversed to Go Long
The cryptocurrency market rebounded this morning, with Bitcoin briefly breaking through $74,000 to reach a new high. Known trader Eugene turned bullish, believing the market is showing resilience. Ethereum and Sol also gained, with over $300 million in liquidations across the network in the past 24 hours, mainly concentrated in Ethereum. Eugene maintains an optimistic outlook on the market, expecting that if Bitcoin can firmly hold above $74,000, it will drive an overall market rally.
ChainNewsAbmedia46m ago
