The post Ethereum (ETH) Price Prediction: ETH Tests $2,000 Support as Divergence Hints at Relief, but Downside Risk Persists appeared on BitcoinEthereumNews.com.

Ethereum (ETH) price action is compressing near $2,200–$2,300 as the market weighs short-term relief against deeper downside targets. Ethereum price has come back into focus as price action compresses while challenging a major support zone between $2,200 and $2,000, an area that has repeatedly attracted buying interest on higher timeframes. In recent weeks, ETH has continued to print lower lows, while downside momentum has been very strong. As of February 4, 2026, the Ethereum price today is trading around $2000, according to Brave New Coin data, reflecting modest intraday movement instead of a decisive reversal. This momentum shows a broader corrective move that pulled ETH significantly lower from recent highs, placing the price back into a historically important demand zone. Weekly Demand Zone Defines Ethereum’s Broader Trend On higher timeframes, price is now testing a major weekly demand zone between roughly $2,200 and $2,000, an area that has repeatedly influenced trend direction since 2023. This region has historically acted as a base during corrective phases but has also marked trend failure when broader liquidity conditions deteriorated. Ethereum tests a decisive weekly demand zone near $2,200–$2,300, with structure hanging in balance. Source: Cyril-DeFi via X A longer-term view shared by Cyril-DeFi frames this zone as decisive. Holding above it would keep Ethereum’s broader structure intact and allow for stabilization or a corrective rebound. A sustained breakdown, however, would expose deeper downside levels, with $1,800–$1,600 emerging as the next major demand pocket. For now, ETH remains compressed within this range, signaling indecision. Ethereum Price Outlook Ethereum’s short-term structure suggests continued vulnerability despite the recent consolidation. Price is currently compressing below the $2,350–$2,380 resistance zone, an area highlighted on the chart as a potential liquidity manipulation region. Multiple equal highs and stalled advances indicate resting liquidity above this range, increasing the probability of…

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Filed under: News - @ February 5, 2026 10:25 pm