ETH Daily Technical Analysis
Ethereum
Blockchain platform that enables smart contracts and decentralized applications (dApps).
ETH Technical Analysis Summary
Ethereum is in a confirmed downtrend, trading significantly below all key moving averages with accelerating bearish momentum. The recent breakdown below the 2,400 support area has opened the path toward lower liquidity zones, evidenced by the price hugging the lower Bollinger Band. While the RSI is oversold and may invite a temporary technical bounce, the dominant market structure remains negative.
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ETH Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has aggressively broken below consolidation support and is riding the lower Bollinger Band. Momentum is strongly negative as shown by the expanding bearish MACD histogram, although the RSI at 26.62 indicates oversold conditions.
Long-term Sentiment (weeks to months): Bearish
The asset is trading well below the falling 50-day and 200-day SMAs. The chart structure is defined by a consistent series of lower highs and lower lows over the last several months.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T13:01:53.817Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,197.50 | $2,150.00 - $2,245.00 | Strong | Confluence of the current lower Bollinger Band and the aggressive swing low wicks from August/September. |
| $2,025.00 | $2,000.00 - $2,050.00 | Weak | Psychological round number and historical pivot zone. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,440.00 | $2,380.00 - $2,500.00 | Strong | Recent support zone that has been broken; expected to flip to resistance on any relief rally. |
| $2,937.50 | $2,890.00 - $2,985.00 | Strong | Major resistance cluster including the 20-day SMA basis and the 50-day SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Consolidation Breakdown | Bearish | $2,100.00 | Price recently consolidated between 2,400 and 2,800 before breaking firmly to the downside, signaling trend continuation. |
| Strong | Descending Channel | Bearish | N/A | A prolonged downtrend structure characterized by lower highs and lower lows since the mid-year peak. |
Frequently Asked Questions about ETH
What is the current sentiment for ETH?
The short-term sentiment for ETH is currently Bearish because Price has aggressively broken below consolidation support and is riding the lower Bollinger Band. Momentum is strongly negative as shown by the expanding bearish MACD histogram, although the RSI at 26.62 indicates oversold conditions.. The long-term trend is classified as Bearish.
What are the key support levels for ETH?
StockDips.AI has identified key support levels for ETH at $2,197.50 and $2,025.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is ETH in a significant dip or a Value Dip right now?
ETH has a Value Score of 132/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.