The post ETH Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

Ethereum is trading at $2,442.95 with a 9.51% drop in the last 24 hours; although it carries short-term reaction buying potential with RSI (26.52) in the oversold region, the overall downtrend and bearish Supertrend signal dominate. Critical support at $2,250 is being tested, and a break could accelerate momentum below $2,000. Executive Summary Ethereum’s technical chart is forming under a strong downtrend; the price remains below EMA20 ($2,897), MACD shows a negative histogram, and RSI at 26.52 is in the oversold region. Volume at $35.40 billion confirms high selling pressure, and a break below $2,250 support could bring $2,000 and $1,000 targets into play; however, oversold conditions offer a short-term rebound opportunity. Bitcoin’s bear market is pressuring ETH, and a cautious approach is recommended in this risky environment. Market Structure and Trend Status Current Trend Analysis Ethereum is exhibiting a clear downtrend on 1D and 3D timeframes. The price traded in the $2,250 – $2,704 range with a 9.51% loss in the last 24 hours, and the current $2,442.95 level is positioned at lows signaling trend continuation. The Supertrend indicator is giving a bearish signal, with resistance at $2,907.06. Closures below short-term EMA20 ($2,897.76) confirm momentum loss. On the 1W chart, a broader consolidation is observed, but the overall structure remains dominantly bearish. Structural Levels Structural levels include 14 strong points in multi-timeframe analysis: 1D (1 support/3 resistance), 3D (3S/3R), 1W (3S/2R). The main support zone is $2,250 (score 74/100), which is the recent low and a volume-tested point. In case of a break, the next targets are $2,000 psychological support and $1,800 Fibonacci retracement. Resistances are listed as $2,678.80 (61/100), $3,015.86 (62/100), and $3,488 (62/100); these levels overlap with previous swing highs and EMA clusters. Technical Indicators Report Momentum Indicators RSI(14) at 26.52 is in the classic oversold region…

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Filed under: News - @ February 1, 2026 4:29 am