ETH/USD quotes are trading at 2132 and continue to move within a downward trend and a descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken below the signal lines, indicating selling pressure and potential continued price growth from current levels. Today’s Ethereum forecast anticipates an attempt to further strengthen the coin’s price and test the resistance level near 2405. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below 1565.
Ethereum Forecast and ETH/USD Analysis for February 4, 2026
An additional signal for a decline in ETH/USD prices will be a test of the bearish trendline on the relative strength indicator. A second signal will be a rebound from the upper boundary of the bearish channel. A strong rise in Ethereum and a breakout of 2765 would cancel the cryptocurrency’s downward scenario. This would indicate a breakout of the resistance area and a continued rise in ETH/USD prices to 3365. A breakout of the support area and a consolidation below 2025 would confirm the asset’s price decline.
Ethereum Forecast and ETH/USD Analysis for February 4, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 2405. From there, a rebound and continued decline in ETH/USD to below 1565 should be expected. A test of the trendline on the relative strength indicator (RSI) would be an additional signal for Ethereum’s downward scenario. A breakout of the resistance area above 2765 would cancel the digital currency’s downward scenario. This would indicate a continued rise in the digital currency with a potential target above 3365.
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