Why is ETHUSD Ethereum USD dropping today?

ETHUSD fell 4.58% due to broader crypto market weakness tied to risk-off sentiment in equities. Forced liquidations in leveraged positions and regulatory uncertainty also pressured the price lower. Network fundamentals remain stable despite the decline.

What is the ETHUSD price forecast for 2026?

Monthly target: $2536.09 (3.5% gain). Quarterly target: $2787.04 (13.8% gain). Yearly target: $3636.09 (48.5% gain). These forecasts assume stabilization and recovery from current weakness.

Where is the key support level for ETHUSD?

The $2771.08 level from Bollinger Bands lower band marks critical support. A break below exposes the $2238.74 day low. The 50-day moving average at $3050.78 provides intermediate resistance.

What do technical indicators show for ETHUSD?

RSI at 49.07 indicates neutral momentum. MACD histogram at 29.38 is bullish, but the signal line is negative. ADX at 24.43 shows weak trend strength. Volume at 1.7x average confirms strong participation.

Is Ethereum's network activity declining with the price?

No. On-chain metrics show transaction volumes near peak levels despite the price drop. Developer activity remains elevated, suggesting institutional accumulation at lower prices.

Crypto Insights

ETHUSD Ethereum USD Drops 4.58% as $2771 Support Tests Seller Pressure

ByDanny Kontos February 4, 2026February 4, 2026

Ethereum USD (ETHUSD) is trading at $2449.36 as of February 3, 2026, down 4.58% over the past day. The second-largest cryptocurrency by market cap faces mounting pressure as sellers test key support levels. With a market cap of $323.2 billion and trading volume surging to 578 million, ETHUSD shows mixed signals across technical indicators. Recent network activity remains stable despite the price decline, suggesting underlying strength beneath the surface. Understanding the current technical setup and price forecast is essential for tracking ETHUSD’s next major move.