The post Key Levels for Next Move appeared on BitcoinEthereumNews.com.

Ethereum drops near $2,042 as bearish structure holds, with traders watching key liquidity levels and a $2,345 reclaim for trend reversal. Ethereum has continued to trend lower and recently traded near $2,042. Market participants are closely watching price structure as downside pressure remains active. Analysts say the current move reflects a broader bearish trend rather than a sudden selloff. Ethereum Price Maintains Bearish Market Structure Ethereum’s price action continues to show a clear bearish structure on higher time frames. Analysts tracking market structure note that no bullish shift has formed on the four-hour chart. As long as this condition remains, downside bias is expected to stay in place. Price movement has shown a steady grind lower rather than sharp drops. This behavior often signals ongoing distribution and controlled selling. Traders note that such conditions can persist before any short-term bounce develops. The current price action suggests Ethereum is searching for a temporary bottom. Relief bounces may occur, but analysts stress that structure confirmation is required. Without this confirmation, countertrend moves remain risky. Market participants continue to monitor higher time frame candles closely. A structural change on the H4 chart is viewed as the minimum requirement. Until then, the prevailing trend remains intact. Liquidity Levels Guide Short Trade Interest Short-side interest is focused on specific liquidity zones above current price. Analysts have identified areas near $2,197 and $2,295 as notable levels. These zones may attract price due to resting liquidity. $ETH keeps dropping and hits ~$2,042. Just like BTC, my bias for Ethereum remains bearish until I see a bullish shift in market structure on at least the H4. Price is basically grinding down, looking to find a temporary bottom for a relief bounce. So for trades the rest of the… pic.twitter.com/ddEWH3SAmI — Lennaert Snyder (@LennaertSnyder) February 5, 2026 If price…

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Filed under: News - @ February 6, 2026 9:24 am