2026-02-04 07:40:16

Today, Ethereum (ETH) is navigating a sharp bearish phase, trading near $2,280 after a nearly 10% intraday drop. Market sentiment is heavily weighed down by a breakdown of symmetrical triangle patterns and a broader sell-off in the tech sector. With consistent lower highs and expanding sell volume, the immediate structure remains defensive rather than recovery-oriented.

Technical Breakdown & Next Move

The breakdown below the previous structural support has turned former "floors" into "ceilings."

Possible Next Move: Analysts anticipate a test of the $2,100–$2,200 multi-year support zone. If bulls fail to defend $2,200, a capitulation toward $1,800 is the likely medium-term trajectory.

Momentum: Currently weak, with no bullish divergence yet visible on daily timeframes.

Pro Tip: Look for a "sweep" of the $2,100 level followed by a quick recovery as a signal that whales are entering the market.
#OvernightV-ShapedMoveinCrypto $ETH ‌

ETH-4,63%

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