Why is Ethereum USD pumping today?

ETHUSD rallied **12.58%** due to elevated trading volume (**1.18B**), neutral RSI at **49.07**, and bullish MACD momentum. Broader market sentiment shifted as traders reassessed positions. The relative volume at **2.19x** average confirms strong participation in this recovery move.

What is the Ethereum USD price target?

The quarterly forecast targets **$2,571.46** (+25.26%), while the yearly target is **$3,118.61** (+51.95%). The monthly forecast of **$1,542.36** suggests near-term pullback risk. These targets reflect technical positioning and historical patterns but remain subject to market conditions.

What support levels matter for ETHUSD?

The **$2,771.08 lower Bollinger Band** is the primary support, followed by the **$1,742.79 day low**. The 50-day moving average at **$2,944.85** provides intermediate support. Breaking below **$2,771** could trigger selling toward the **$1,383.26 year low**.

Is Ethereum USD overbought right now?

No. The RSI at **49.07** sits in neutral territory, neither overbought (>70) nor oversold (

What does the technical analysis show for ETHUSD?

The MACD histogram at **29.38** signals bullish momentum, while the ADX at **24.43** indicates moderate trend strength. The MFI at **61.91** shows strong buying pressure without exhaustion. Bollinger Bands position price near the middle band with room to expand upward.

Crypto Insights

Ethereum USD Rallies 12.58% as Technical Indicators Shift Neutral

ByDanny Kontos February 7, 2026February 7, 2026

Ethereum USD (ETHUSD) has gained significant momentum, rising 12.58% to trade at $2,052.62 as of February 6, 2026. This rally marks a notable recovery from recent weakness, with trading volume reaching 1.18 billion, nearly double the average daily volume. The surge in ETHUSD activity reflects renewed interest in the second-largest cryptocurrency by market cap. Market participants are closely watching technical indicators to determine whether this bounce represents a sustained recovery or a temporary pullback. Understanding the current technical landscape helps traders assess the strength of this move and identify potential price targets ahead.