Why is ETHUSD Ethereum USD down 4.58% today?

ETHUSD declined due to accelerated selling from long-term holders, whale transfers to exchanges, and broader crypto market weakness. Leverage liquidations exceeded $1 billion globally, triggering cascading losses across altcoins. Regulatory uncertainty and macroeconomic concerns also pressured risk assets.

What is the ETHUSD price forecast for 2026?

Meyka AI forecasts ETHUSD at $2,536.09 monthly, $2,787.04 quarterly, and $3,636.09 yearly. These targets assume stabilization and potential institutional accumulation. Longer-term forecasts show $4,221.34 in three years and $4,806.81 in five years.

What technical levels matter for ETHUSD?

Key support sits at $2,771.08 (Bollinger Bands lower band) and $2,238.74 (day-low). Resistance appears at $2,817.79 (previous close), $3,050.78 (50-day MA), and $3,671.04 (200-day MA). RSI at 49.07 shows neutral momentum with room for further decline.

Is ETHUSD oversold or overbought?

RSI at 49.07 indicates neutral conditions, neither oversold nor overbought. However, price positioning below the Bollinger Bands middle band suggests potential for mean reversion. MACD histogram at 29.38 shows building bearish momentum beneath the surface.

What volume signals matter for ETHUSD?

Trading volume reached 578.1 million, 84% above the 312.8 million average, showing strong conviction behind selling. Relative volume of 1.70 confirms active trader participation. High volume during declines typically indicates capitulation rather than temporary weakness.

Crypto Insights

ETHUSD Ethereum USD Breaks $2,450 as -4.58% Daily Decline Tests Support

ByDanny Kontos February 6, 2026

Ethereum USD (ETHUSD) is trading at $2,449.36 as of February 5, 2026, down 4.58% over the past 24 hours. The second-largest cryptocurrency by market cap has faced significant selling pressure, with the price declining $368.43 from the previous close of $2,817.79. Market data shows ETHUSD volume surged to 578 million, 84% above the 30-day average, indicating intense trading activity. Technical indicators reveal mixed signals as the market processes recent losses. Understanding the current ETHUSD price action requires examining both technical levels and broader market sentiment driving this decline.