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
Ethereum Developer Proposes EIP-8182 to Enhance Network Privacy Through Protocol-Level Changes
Gate News message, April 25 — Ethereum developer Tom Lehman has released a draft proposal, EIP-8182, aimed at significantly enhancing privacy on the Ethereum network through protocol-level changes. The proposal introduces a "shared shielding pool" mechanism directly integrated into the Ethereum prot
GateNews2h ago
Ethereum Foundation Sells $24M ETH to Tom Lee's Bitmine
The Ethereum Foundation sold 10,000 ether to Bitmine Immersion Technologies on Friday, according to the foundation's announcement. The over-the-counter transaction was completed at an average price of $2,387 per ETH, totaling nearly $24 million. Bitmine, the digital asset treasury led by Chairman
CryptoFrontier3h ago
Aave Leads Coalition Requesting $71M Frozen ETH Release for rsETH Recovery
Constitutional AIP Filed for Frozen ETH Release
A coalition of major DeFi protocols filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support rsETH recovery efforts. Aave Labs is listed as the lead
CryptoFrontier3h ago
XRP Ledger Records $1.1B Net Inflows Over 30 Days, Surpassing Ethereum's $879M
Gate News message, April 25 — XRP Ledger topped all major blockchains (excluding stablecoins) in net capital inflows over the past 30 days, drawing $1.1 billion according to data from RWA.xyz. Ethereum trailed at approximately $879 million in inflows, followed by Stellar with $643 million and BNB
GateNews4h ago
If ETH Breaks $2,421, Major CEX Short Liquidations Could Reach $493M
Gate News message, April 25 — According to Coinglass data, if Ethereum breaks above $2,421, cumulative short liquidations across major centralized exchanges could reach $493 million.
Conversely, if ETH drops below $2,212, cumulative long liquidations across major CEXs could reach $482 million.
GateNews5h ago
Aave Proposes 25,000 ETH for Kelp DAO Exploit Relief Fund
Aave service providers put forth a governance proposal on Friday that would contribute 25,000 ETH worth nearly $58 million from the protocol's DAO to DeFi United, a coordinated relief effort to restore backing for rsETH following the Kelp DAO exploit. The proposed contribution aims to close the rema
CryptoFrontier6h ago
