Ethereum is ending the trading week with a correction at 2736. Moving averages indicate a bearish trend for ETH/USD. Prices have broken below the area between the signal lines, indicating downward pressure from cryptocurrency sellers and a potential continuation of the decline from current levels. At this point, we should expect an attempt at a bullish price correction and a test of the resistance level near 2945. From here, we should expect another downward rebound and a continued decline in the exchange rate and the price of Ethereum, with a potential target below 1335.
Ethereum Forecast ETHUSD February 2 – 6, 2026
An additional signal favoring a decline in ETH/USD quotes during the current trading week (February 2 – 6, 2026) will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the Triangle pattern. A strong rally and a breakout of 3705 would cancel out the cryptocurrency’s downward price scenario this trading week. This would indicate a breakout of the resistance area and continued growth in ETH/USD quotes, with a potential target above 4275. A breakout of the support area and a close below 2325 would confirm a decline in Ethereum, signaling a breakout of the lower boundary of the bullish channel.
Ethereum Forecast ETHUSD February 2 – 6, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 2945. From there, a downward rebound and continued decline to below 1335 should be expected. A test of the trend line on the relative strength indicator (RSI) would also signal a decline in Ethereum. The decline scenario would be cancelled if the pair were to rise strongly and break above the 3705 area. In this case, we should expect continued growth with a target above the 4275 area.
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