Why did Ethereum USD gain 12.58% today?

The bounce reflects oversold technical conditions, short-covering demand, and stabilization in the broader crypto market. RSI at 49.07 indicated neutral momentum, attracting mean-reversion traders. Positive sentiment shifts and institutional buying at lower prices contributed to the recovery.

What is the ETHUSD price forecast for the next quarter?

The quarterly forecast targets $2,571.46, representing a 22.5% gain from current levels. This assumes sustained recovery momentum and confirmation from technical indicators. Actual results depend on market conditions, regulatory developments, and broader crypto sentiment.

Is Ethereum USD overbought or oversold right now?

Neither. RSI at 49.07 sits in neutral territory, indicating balanced momentum. The Stochastic %D at 72.13 shows short-term overbought conditions, but the broader technical picture lacks extreme readings that would signal imminent reversals.

What are the key support and resistance levels for ETHUSD?

Support sits at $2,771.08 (lower Bollinger Band) and $1,993.46 (daily low). Resistance appears at $3,008.50 (middle band) and $3,245.91 (upper band). Breaking above $2,944.85 (50-day moving average) would signal stronger recovery momentum.

How does ETHUSD's year-to-date performance compare to its long-term trend?

ETHUSD has declined 31.58% year-to-date but gained 27.14% over three years. The asset trades below both its 50-day and 200-day moving averages, indicating it remains in a longer-term downtrend despite recent daily strength.

Crypto Insights

Ethereum USD Recovers 12.6% as RSI Enters Neutral Zone

ByHuzaifa Zahoor February 8, 2026February 8, 2026

Ethereum USD (ETHUSD) has gained 12.58% over the past day, climbing to $2,099.89 as of February 7, 2026. This recovery marks a significant bounce after recent weakness, with trading volume reaching 389.5 million, well above the 30-day average. The cryptocurrency’s technical setup shows mixed signals, with the RSI entering neutral territory and MACD indicators suggesting potential momentum shifts. Market participants are closely watching whether this bounce can sustain above key resistance levels or if selling pressure returns. Understanding the current technical landscape and price drivers behind this ETHUSD recovery is essential for tracking the broader crypto market movement.