The post Ethereum (ETH) Price Prediction: Will ETH Break $2,377 or Face Rejection After Consolidating Near $2,000? appeared on BitcoinEthereumNews.com.

After sliding into the mid-$1,700s last week, ETH rebounded toward the $2,000 region, where the current ETH price has begun consolidating rather than extending losses. That change in behavior is notable. In prior declines, rebounds faded quickly. This time, price has held higher lows for several consecutive sessions, suggesting selling pressure may be easing. Importantly, this analysis reflects observable market structure and historical price reactions rather than forward-looking assumptions. Cryptocurrency markets remain volatile, and all scenarios depend on confirmation. Ethereum Price Action Approaches a Critical Breakout Level The $2,377 zone has become the clearest technical pivot for the short-term Ethereum price analysis. The $2,377 level, formerly a consolidation zone, now serves as key resistance, and a rejection there could signal a continuation of bearish momentum. Source: Trade Nation on TradingView This level previously acted as support during consolidation. Once broken, it flipped into resistance, a classic supply zone where sellers tend to re-enter. During the last three approaches toward the $2,150–$2,200 band, buying volume increased, but follow-through stalled before reaching $2,377. That pattern shows demand returning, yet not strong enough to force a trend reversal. If that occurs, historical volume clusters point to $2,520 as the first resistance, followed by $2,635, where the price was previously rejected during distribution earlier this cycle. Until a clean break happens, however, resistance remains intact, and the recovery remains provisional. Short-Term Structure Shows Stabilization ETH recently moved out of a descending intraday channel and reclaimed its 100-period moving average. That matters because this average has capped every rally since the downturn began. Holding above it often signals that sellers are losing immediate control. A logarithmic regression model with an ETH/BTC overlay highlights around $1,910 as a potential buy zone, offering a structured view of Ethereum’s growth opportunities. Source: Giovanni_Ambrosio on TradingView Momentum indicators also…

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Filed under: News - @ February 7, 2026 10:10 pm