Why did ETHUSD Ethereum drop 4.58% on January 31, 2026?

ETHUSD declined due to $850 million in long position liquidations across crypto futures markets. Ethereum, Solana, and XRP led losses as leveraged traders faced margin calls. Geopolitical tensions and US sanctions on Iran-linked crypto exchanges added to selling pressure.

What is the ETHUSD Ethereum price forecast for the next 30 days?

The monthly forecast for ETHUSD targets $2536.09, representing a 6.7% gain from current levels. This assumes market stabilization and reduced liquidation pressure. The quarterly target is $2787.04, suggesting 17.3% upside by end of Q1 2026.

What technical indicators show for ETHUSD Ethereum USD today?

RSI at 49.07 indicates neutral momentum with no overbought conditions. MACD shows bearish pressure with histogram at 29.38. ADX at 24.43 suggests the downtrend lacks strong conviction. Bollinger Bands show price above the lower band at $2771.08, providing support.

Is ETHUSD Ethereum oversold after the 4.58% decline?

No, ETHUSD is not oversold. The RSI at 49.07 is neutral, not below 30. However, the lower Bollinger Band at $2771.08 represents a key support level where oversold conditions could emerge if price breaks below.

What are the key support levels for ETHUSD Ethereum?

Critical support for ETHUSD includes the lower Bollinger Band at $2771.08, the 50-day moving average at $3050.78, and the 200-day moving average at $3671.04. The year-to-date low of $1383.26 is far below current levels.

Crypto Insights

ETHUSD Ethereum Slides 4.58% as Liquidations Trigger $850M Selloff

ByDanny Kontos February 1, 2026February 1, 2026

Ethereum USD (ETHUSD) is experiencing significant downward pressure on January 31, 2026, as the broader crypto market faces a wave of liquidations. The token has declined 4.58% in the last 24 hours, trading at $2375.80 after hitting a day high of $2710.09. Market data shows $850 million in bullish positions were liquidated across major exchanges, dragging Ethereum lower alongside Bitcoin and Solana. With a market cap of $323.2 billion, ETHUSD remains the second-largest cryptocurrency by value, though recent selling pressure has tested key technical support levels. Understanding the current market dynamics and technical setup is essential for tracking this major asset’s near-term direction.