ETH/USD quotes are trading at 2001 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 at a bullish correction and a test of resistance near 2195. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below 1215.
Ethereum Forecast and ETH/USD Analysis for February 6, 2026
An additional signal of 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 2775 would cancel the cryptocurrency’s downward scenario. This would indicate a breakout of the resistance area and continued growth in ETH/USD prices toward 3245. A breakout of the support area and consolidation below 1765 would confirm the asset’s price decline.
Ethereum Forecast and ETH/USD Analysis for February 6, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 2195. From there, a rebound and continued decline in ETH/USD to below 1215 should be expected. A test of the trendline on the relative strength indicator would also signal a decline in Ethereum. A breakout of the resistance area above 2775 would cancel the digital currency’s downward scenario. This would indicate continued growth in the digital currency with a potential target above 3245.
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