Ethereum loses $3K again: How low can ETH price go in February?

1 hour ago

ETH terms charts confirmed a triangle breakdown, shifting the near-term bias little and putting $2,250 successful absorption if sellers enactment successful control.

Ether (ETH) is present much than 14% beneath its section highest adjacent $3,400, underscoring the sellers’ tenacity supra $3,000. A bearish method setup suggests the unit whitethorn widen into February.

Key takeaways:

ETH fell backmost beneath $3,000, confirming a triangle breakdown that targets $2,250.
The bearish script tin beryllium avoided if ETH breaks supra a multimonth moving mean resistance.

Ether successful textbook symmetrical triangle breakdown

On Thursday, ETH fell astir 2.85% to astir $2,920 aft the Federal Reserve held rates steady astatine its archetypal argumentation gathering of the year, with rising Iran-related geopolitical tensions adding to the risk-off mood.

The latest driblet has enactment Ether into the breakdown signifier of its symmetrical triangle setup.

ETH dropped beneath the pattern’s little trendline past week, past rebounded to trial that erstwhile enactment arsenic resistance. The retest failed, and the terms stayed capped beneath the trendline into this week.

In method analysis, a interruption beneath enactment followed by a rebound and rejection often signals that sellers person flipped the level into resistance, raising the likelihood of further downside.

ETH’s terms could diminution toward the measured people adjacent $2,250, a alteration of astir 25%, by mid-February if the breakdown continues.

Can Ethereum bulls debar the crash?

This bearish outlook could beryllium invalidated if ETH flips the triangle’s little trendline backmost into support.

Bulls would past request follow-through supra the 200-3D EMA adjacent $3,065 (blue) and, much importantly, the 50-3D EMA (red), which has capped each upside effort supra $3,000 since November 2025.

A cleanable reclaim of those levels would awesome that the breakdown failed.

That setup would echo the 2024 fractal, erstwhile ETH concisely broke down from a akin operation earlier reversing higher erstwhile it reclaimed its cardinal moving averages.

It would further align with galore bullish Ether predictions of a grounds precocious successful 2026. That includes crypto expert Annie’s prediction of a $10,000 ETH price led by a bullish Wyckoff accumulation model.

Standard Chartered forecasted ETH’s terms to deed $7,500 successful the aforesaid period.

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