Why is ETHUSD Ethereum USD dropping 13.08% today?

ETHUSD declined due to broader crypto market weakness, elevated liquidation activity, and selling pressure across major exchanges. Trading volume surged to 578 million, indicating forced position closures and margin calls. The cryptocurrency broke below key moving averages, triggering additional downside momentum.

What is the ETHUSD Ethereum USD price forecast for 2026?

Monthly forecast targets $2536.09 (3.54% gain), quarterly targets $2787.04 (13.78% gain), and yearly targets $3636.09 (48.45% gain). These projections assume stabilization of current market stress and gradual recovery. Forecasts may change due to market conditions or regulatory developments.

Where is the critical support level for ETHUSD?

The day low of $2238.74 represents the most critical support level. Breaking below this floor could trigger further liquidations and test the 52-week low of $1383.26. The 200-day moving average at $3671.04 provides longer-term support reference.

What do technical indicators show for ETHUSD Ethereum USD?

RSI at 49.07 indicates neutral momentum without overbought or oversold conditions. ADX at 24.43 shows weakening trend strength. MACD histogram at 29.38 suggests mixed signals. Bollinger Bands position ETHUSD near the middle band, indicating consolidation.

Is ETHUSD Ethereum USD a buying opportunity at current levels?

Market data shows ETHUSD trading below its 50-day moving average with elevated liquidation activity. Current price action reflects sustained downward momentum. Historical support levels and technical indicators provide context for potential reversal points, though no guarantees exist.

Crypto Insights

Ethereum USD Faces $2238 Floor as -13.08% Plunge Tests Buyer Support

ByHuzaifa Zahoor February 3, 2026

Ethereum USD (ETHUSD) has experienced a significant decline, falling 13.08% to trade at $2449.36 as of February 2, 2026. The cryptocurrency faces critical support levels as market volatility intensifies. This sharp pullback raises questions about whether ETHUSD can stabilize or if further downside pressure awaits. Understanding the technical backdrop and market dynamics becomes essential for tracking this large-cap crypto mover. Our analysis examines the key factors driving ETHUSD’s recent weakness and what technical levels matter most.