Why is ETHUSD down 4.87% today?

ETHUSD declined 4.87% due to broad cryptocurrency selling pressure and technical weakness. RSI at 36.01 indicates oversold conditions, but the strong downtrend (ADX 43.15) suggests sellers remain in control. The decline reflects a 36% monthly loss and 57% six-month decline.

What is the ETHUSD price forecast for 2026?

Monthly forecast targets $1,370.11, quarterly targets $2,731.37, and yearly targets $2,960.01. These projections reflect potential near-term weakness followed by recovery toward higher price levels. Forecasts may change due to market conditions or regulatory developments.

What are the key support and resistance levels for ETHUSD?

Support levels are $1,975.11 (today's low) and $1,765.28 (lower Bollinger Band). Resistance sits at $2,083.57 (today's high) and $2,258.45 (upper Bollinger Band). The 50-day moving average at $2,515.94 represents major resistance on recovery attempts.

Is ETHUSD oversold right now?

Yes, RSI at 36.01 indicates oversold conditions, suggesting selling pressure may ease. However, the strong downtrend (ADX 43.15) means oversold bounces could face resistance. Traders should wait for confirmation of stabilization before expecting sustained recovery.

How does Ethereum's 2029 roadmap affect ETHUSD price?

The roadmap targets high-speed settlement and reduced finality times, which is technically bullish long-term. However, market reaction was muted, with ETHUSD oscillating around $2,060 rather than rallying. Near-term technicals currently outweigh long-term protocol improvements.

Crypto Insights

Ethereum USD Faces -4.87% Daily Decline—Technical Breakdown Ahead

ByHuzaifa Zahoor February 28, 2026

Ethereum USD (ETHUSD) is trading at $2,027.90 as of February 28, 2026, down 4.87% over the past day. The decline reflects broader market pressure on large-cap cryptocurrencies, though technical indicators suggest potential stabilization ahead. Understanding why ETHUSD is declining requires examining both short-term price action and longer-term technical signals. Market data shows ETHUSD trading between $1,975.11 and $2,083.57 today, with volume reaching 23.3 billion USD. This article breaks down the technical picture, price forecasts, and what traders should monitor for ETHUSD moving forward.