Ethereum Daily Market Update - Feb. 05, 2026
Ethereum has now completed a full move from range breakdown into major support. Price dropped impulsively from the 2,280–2,300 area and moved directly into the 2,100–2,150 support zone, printing a low near 2,065. This shows active selling pressure rather than a slow decline. Once
$ETH reached this zone, the sell-off paused, which suggests sellers are losing momentum at this level, but buyers have not yet shown strong control.
From a higher-timeframe perspective, the structure remains bearish. ETH is still trading well below previous value areas and major breakdown levels, so the broader trend has not changed. Any upside move from here should be treated as a reaction or relief bounce, not a confirmed reversal, unless structure clearly improves.
On the intraday structure, ETH is at a clear decision point. The 2,100–2,150 zone is critical. As long as price holds above 2,100, downside pressure is paused. Acceptance below 2,100 would confirm another bearish leg and open the path toward 2,050–2,000.
Support zones:
2,150–2,100 (major decision support)
2,050–2,000 (next downside area if support fails)
Resistance zones:
2,150–2,180 (first reaction resistance)
2,200–2,230 (stronger intraday resistance)
My suggestion:
I am not chasing shorts into this support and not blindly buying the dip. The correct approach here is to wait for confirmation. If ETH holds above 2,100 and begins forming higher lows on the 15m chart, a small, quick long toward 2,150–2,200 can be considered. If ETH breaks and accepts below 2,100, I would turn bearish again and look for short continuation toward 2,050 and 2,000. Until one of these scenarios plays out, staying flat remains the safest decision.
#WhaleDeRiskETH #TrumpProCrypto Trade
#ETH Here 👇👇👇