Why is STETHUSD dropping 13.26% today?

STETHUSD is declining due to broader Ethereum weakness and liquidations in leveraged positions. Elevated trading volume at 132.3 million shows active selling pressure. The token's correlation with ETH means weakness in the broader ecosystem directly impacts staking derivatives.

What is the support level for STETHUSD?

The critical support sits at $2,769.62, marked by the lower Bollinger Band. This level has historically attracted buyers during corrections. A break below would target the 200-day moving average at $3,667.49 in reverse.

What does the RSI indicate for STETHUSD?

The RSI at 49.18 sits in neutral territory, suggesting neither overbought nor oversold conditions. This indicates selling pressure may be easing and the market could be stabilizing near current levels.

What is the yearly price target for STETHUSD?

The yearly forecast projects STETHUSD reaching $3,618.43 by February 2027, representing a 48.1% gain from current prices. This assumes Ethereum stabilizes and liquid staking demand recovers.

How does STETHUSD relate to Ethereum?

STETHUSD represents staked Ethereum through Lido's protocol. Its price directly correlates with ETH movements and staking demand. When Ethereum faces selling pressure, liquid staking tokens typically underperform as risk appetite declines.

Crypto Insights

Lido Staked ETH USD Slides 13.26% as $2400 Support Tests Conviction

ByHuzaifa Zahoor February 2, 2026

Lido Staked ETH USD (STETHUSD) is experiencing significant downward pressure, with the token sliding 13.26% as of February 2, 2026. The decline from $2,817.56 to $2,444.03 has raised questions about support levels and market sentiment. We examine the technical factors driving this move, analyze key resistance and support zones, and explore what traders should watch in the coming weeks. Understanding why STETHUSD is dropping helps investors assess whether this represents a temporary pullback or a deeper trend shift.