Ethereum Plunges 48% to $1,861: Why $2,000–$1,500 Is Now the Key Accumulation Zone
The post Ethereum Plunges 48% to $1,861: Why $2,000–$1,500 Is Now the Key Accumulation Zone appeared on BitcoinEthereumNews.com.
TLDR: ETH declines nearly 48% from $3,700 to $1,928 in three months of corrective movement. $2,000–$1,500 identified as the primary Fibonacci accumulation range for long-term investors. $1,700 (0.618 Fib) and $1,300 (0.786 Fib) act as key retracement and reset levels. Monthly charts confirm macro expansion remains intact despite mid-cycle ETH correction. The price of Ethereum (ETH) is $1,861.64 as of writing, with a 24-hour trading volume of $58.5 billion. ETH has declined -14.22% in the last 24 hours and -33.31% over the past week. This drop follows the breakdown of key support levels, pushing the price toward $2,000–$1,500 Fibonacci accumulation zones. ETH Breakdown and Market Transition Ethereum Price Update shows that the loss of $3,700–$3,600 support marked a decisive shift in market structure. Weekly closes below this level confirmed a transition from bullish momentum to a corrective phase. This drop validated earlier warnings issued by analysts. From $3,700 to $1,928, ETH lost nearly 48% over three months. This movement occurred as liquidity above price decreased and sellers targeted lower demand zones. Furthermore, prior support levels turned into resistance, which accelerated downward pressure. Traders who entered positions above $3,500 now face emotional pressure, as opposed to those who waited near $2,200–$2,000 accumulation zones. The price update demonstrates that observing technical structure helps differentiate reactive trading from strategic positioning. $ETH UPDATE: NOW 48% DOWN FROM MY WARNING When #ETHEREUM Broke $3,700-$3,600 Support, I Warned You about a Major Breakdown. From $3,700 → $1,928 (-48%) in Just 3 Months Previous Entry at $2,200-$2000 FILLED NEW ACCUMULATION ZONE: $2,000 – $1,500 (Start Building… https://t.co/4vNtjSmvPJ pic.twitter.com/HLxVwf6B6a — Crypto Patel (@CryptoPatel) February 5, 2026 Additionally, mid-cycle corrections are natural in trending markets and often precede larger moves. Technical signals such as the failure to hold the rising trendline and the rejection at the $4,700–$4,900 range…
Filed under: News - @ February 6, 2026 4:27 am