Why is ETHUSD down 34% year-to-date?

ETHUSD faces regulatory uncertainty, reduced institutional demand, and negative technical momentum. The strong downtrend (ADX 46.87) and bearish MACD (-256.77) confirm selling pressure. Broader cryptocurrency weakness and macroeconomic headwinds amplify declines.

What is the ETHUSD price forecast for 2026?

Monthly forecasts target $1,370.11 (-29.7%), quarterly targets $2,731.37 (+40.2%), and yearly forecasts reach $2,960.01 (+51.9%). These assume market stabilization and reduced selling. Forecasts may change due to market conditions or unexpected events.

Is ETHUSD oversold right now?

Yes, RSI at 31.64 indicates oversold conditions where bounces historically occur. However, the strong downtrend (ADX 46.87) and negative MACD suggest selling pressure persists. Oversold doesn't guarantee immediate recovery.

What are key support levels for ETHUSD?

Critical support sits at $1,464.64 (lower Bollinger Band) and $1,383.26 (52-week low). The $1,905.12 daily low provides intermediate support. Breaking below $1,464.64 opens the path to lower levels.

Can ETHUSD recover to $3,000 in 2026?

Yearly forecasts target $2,960.01, requiring sustained buying and trend reversal. The 50-day MA at $2,683.73 and 200-day MA at $3,514.14 represent major resistance. Recovery depends on reduced selling pressure and positive catalysts.

Crypto Insights

Ethereum USD Drops 34% YTD—Can ETHUSD Find Support at $1,464?

ByDanny Kontos February 23, 2026February 23, 2026

Ethereum USD (ETHUSD) is trading at $1,948.16 as of February 23, 2026, down 34.29% year-to-date. The second-largest cryptocurrency faces significant headwinds with a $237.6 billion market cap and declining momentum across multiple timeframes. ETHUSD technical indicators reveal oversold conditions, but a strong downtrend persists. Understanding the current ETHUSD price action and technical setup is critical for traders monitoring this major crypto asset. We’ll examine the technical landscape, price forecasts, and what support levels matter most.