Why did Ether fall to an eight-month low?

A broad crypto selloff, deleveraging, and renewed debate about Ethereum’s scaling path weighed on confidence. Thin liquidity during Asia hours likely amplified moves. With price below key averages, many traders sold strength. Until momentum turns and inflows return, bounces may stay tactical rather than the start of a new trend.

Could Ethereum price USD drop below $2,000 again?

Yes, that risk remains. A daily close above $2,000 would ease pressure, but failure to hold $1,900 could invite a test near $1,800. Wide ranges mean intraday spikes can overshoot. Use defined invalidation and smaller size until a higher low forms and moving averages start to flatten.

What are the key ETH bearish signals now?

Price is below the 50-day and 200-day moving averages, RSI sits near neutral at 49, and ADX near 24 signals a developing trend. OBV remains negative, showing weak spot inflows. Together, these indicators suggest rallies face supply until structure improves with higher lows and stronger participation.

How should Singapore investors manage ETH exposure today?

Plan risk in SGD, then convert to units. Use limit orders, staged entries, and smaller size due to high volatility. Keep stops wider but well-defined. Consider dollar-cost averaging only with strict budgets. Choose regulated platforms, enable 2FA, and keep records. Let price action confirm strength before adding exposure.

Global Market Insights

ETHUSD Today: February 6 — Ether Hits 8-Month Low as L2 Doubts Mount

ByHuzaifa Zahoor February 6, 2026February 6, 2026

Ethereum price USD slid to an eight-month low as sellers pressed risk assets and questions rose around Ethereum’s Layer 2 roadmap. As ETHUSD trades below key averages, traders in Singapore are reassessing exposure and ring-fencing SGD capital. Technical watchers warn that a sustained break under recent supports could extend losses. We outline what is moving Ethereum price today, the indicators we track, and the scenarios to plan for in the current market.