Ethereum Price Prediction: ETH dips to around $2100, can it rebound to $3000 in February?
February 5 News, affected by continuous selling, Ethereum prices have fallen sharply, with ETH entering a clear downtrend channel. Capital flows have weakened, making the expectation of returning to $3,000 in February significantly less likely. The latest data shows ETH is currently trading around $2,111, with a 24-hour range between $2,080 and $2,287, and a trading volume close to $47.4 billion. Short-term volatility remains intense.
From a technical perspective, the rebound appears more like a correction rather than a trend reversal. On the four-hour chart, the MACD briefly turned green but the moving averages remain in a bearish alignment; RSI hovers near 30, indicating selling pressure has not been fully released. On the daily chart, the CMF remains negative, suggesting capital is still flowing out. The DMI shows the bearish line above the bullish line, and the ADX approaches 39, confirming that this is not a consolidation but a clear downtrend.
Key resistance zones are around $2,450 and $2,818. If trading volume cannot be increased to effectively break through these levels, the psychological barrier of $3,000 will be difficult to reach in the short term. Fibonacci retracement indicates that the current price is only slightly above the “last buffer” zone; if it breaks below, the market may test lower support levels.
Despite short-term bearish sentiment, some analysts remain optimistic about the medium to long term. Leshka believes that if the market completes a bottoming process and re-enters an accumulation phase, Ethereum could see a multiple-fold rebound in the coming months. However, this scenario depends on macroeconomic stabilization and a rebound in overall risk appetite in the crypto market.
Currently, Bitcoin is oscillating around $70,370, and Solana is hovering around $90. Mainstream assets are under pressure simultaneously, indicating capital is in a risk-off phase. For investors, February’s focus may be on defense and waiting for signals rather than aggressive chasing. Ethereum is still viewed as a high-volatility asset in the short term, and its direction will continue to be influenced by capital flows, trend indicators, and macro expectations.
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