Ethereum ($ETH) Crypto Forecast: Up 5.8% Today

What is Ethereum?

Ethereum (ETH) is a popular cryptocurrency token known for its smart contract functionality and decentralized applications. Today, ETH experienced a strong bullish movement in the market.

Why is Ethereum going up?

ETH crypto is up 5.8% on Feb 3, 2026 4:10

• The lack of leverage and a rally in precious metals pulled down Ether's price, but market sentiment turned positive, resulting in a strong bullish movement.
• Bitmine Immersion Technologies acquiring a significant amount of ETH may have influenced the bullish momentum, suggesting confidence in the token's future potential.
• Industry experts framing Ethereum as a treasury asset and programmable settlement layer, such as Tom Lee, could have reignited interest and investment in ETH.
• Despite a recent drop in Ethereum's value impacting BitMine Immersion Technologies' stock, ongoing buying activities by Tom Lee indicate a positive long-term outlook for ETH.

ETH Price Chart

ETH Technical Analysis

ETH News

Lack Of Leverage And Metals Rally Drag Down Ether Tom Lee

Ether has fallen despite strong fundamentals as leverage remained absent and precious metals diverted risk appetite, according to Fundstrat's research head.

https://cointelegraph.com/news/fundstrat-tom-lee-cites-lack-leverage-metals-vortex-ether-slump

Ethereum Price Forecast: ETH bounces off $2,150 as Bitmine stretches holdings above 4.28 million ETH

Ethereum (ETH) treasury firm Bitmine Immersion Technologies (BMNR) scooped 41,788 ETH last week in another round of weekly ETH acquisition.

https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-bounces-off-2-150-as-bitmine-stretches-holdings-above-428-million-eth-202602021736

If Ethereum Becomes A Treasury Asset, These Stocks Could Benefit - BitMine Immersion ( AMEX:BMNR ) , CME Group ( NASDAQ:CME )

Tom Lee and several crypto focused firms are starting to frame Ethereum not as a speculative token but as something closer to strategic financial infrastructure. The idea is straightforward. Bitcoin is digital gold. Ethereum is a programmable settlement layer.

https://www.benzinga.com/Opinion/26/02/50308746/if-ethereum-becomes-a-treasury-asset-these-stocks-could-benefit

What's Going On With BitMine Stock? - BitMine Immersion ( AMEX:BMNR )

Shares of BitMine Immersion Technologies, Inc. ( NASDAQ:BMNR ) are falling Monday due to a slump in the value of Ethereum ( CRYPTO: ETH ) . BitMine Immersion shares are sliding. What's behind BMNR decline?

https://www.benzinga.com/trading-ideas/movers/26/02/50306617/whats-going-on-with-bitmine-stock

Tom Lee's BitMine Down $6B On Ethereum, But Here's Why He Keeps Buying - BitMine Immersion ( AMEX:BMNR )

BitMine Immersion Technologies ( NYSE:BMNR ) is sitting on over $6 billion in paper losses after Ethereum ( CRYPTO: ETH ) crashed from $3,000 to $2,300, yet chairman Tom Lee added 41,788 ETH last week at an average price of $2,317.

https://www.benzinga.com/crypto/cryptocurrency/26/02/50305123/tom-lees-bitmine-down-6b-on-ethereum-but-heres-why-he-keeps-buying

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Ethereum Price History

31.00.2026 - ETH Crypto was down 6.1%

• The downward movement in Ethereum today may be linked to the outflows observed in Bitcoin and Ether ETFs, signifying a shift in investor sentiment towards these assets.
• Vitalik Buterin's withdrawal of a substantial amount of ETH and the Ethereum Foundation's pivot towards financial discipline might have sparked concerns among investors regarding the token's future progress and viability.
• The surge in activity on Solana and the growing acceptance of Bitcoin by more merchants could have diverted focus and investments away from Ethereum, contributing to its decline.
• In summary, the amalgamation of profit-taking in ETFs, internal governance adjustments within the Ethereum ecosystem, and external market dynamics may have collectively impacted Ethereum's bearish movement observed today.

31.00.2026 - ETH Crypto was down 13.4%

• Significant unrealized Ether losses by BitMine and a general cryptocurrency sell-off are likely factors contributing to ETH's bearish movement.
• Increasing outflows from Bitcoin and Ether ETFs throughout the trading week point to a trend of investors withdrawing from crypto assets, adding downward pressure on prices.
• Speculation around Vitalik Buterin's growth roadmap for Ethereum, which includes a period of 'mild austerity,' could have heightened market uncertainty and influenced negative sentiment towards ETH.
• The decline in BitMine Immersion Technologies Inc.'s stock alongside Ethereum's prolonged losses indicates a possible correlation between the two assets and reflects a broader negative market sentiment affecting ETH's price.

31.00.2026 - ETH Crypto was down 11.1%

• The bearish movement in Ethereum can be attributed to the broader market trend, as Bitcoin and other cryptocurrencies also saw significant price drops.
• Liquidations exceeding $2.5 billion in the crypto market indicate high volatility and potential panic selling, contributing to the downward pressure on Ethereum.
• The sell-off in commodities, along with uncertainties surrounding Trump's Fed chair pick, likely added to the negative sentiment in the market, impacting Ethereum's price.
• Substantial unrealized losses in Ether by a major player and the general deepening of the crypto sell-off may have further intensified selling pressure on Ethereum, exacerbating its bearish movement.

30.00.2026 - ETH Crypto was down 5.5%

• ETH fell below $2,800 and may drop further to $2,100 due to a significant bearish movement today.
• Market sentiment was affected by Bitcoin's downward trend, global risk aversion, and macroeconomic challenges.
• Reports on substantial outflows from crypto ETFs, including Bitcoin, contributed to the prevailing negative sentiment.
• Despite positive regulatory developments in the US for the crypto sector, the market remains cautious, prompting a sell-off of Ethereum and other leading cryptocurrencies.

30.00.2026 - ETH Crypto was down 7.3%

• The launch of The DAO Security Fund, aimed at enhancing security for Ethereum, was not enough to offset the overall bearish sentiment in the market.
• Despite the efforts to boost security and address past vulnerabilities, ETH struggled to maintain its value as bears took control of the momentum in the cryptocurrency market.
• Advice not to abandon Ethereum due to Fear of Missing Out (FOMO) did not prevent a 6% plunge in ETH prices, possibly indicating that broader market trends and the surge in traditional assets like gold and silver impacted investor sentiment towards cryptocurrencies.
• The revival of Ethereum's oldest crisis through the establishment of a $220 million security fund highlighted ongoing concerns about the security and stability of the Ethereum network, contributing to the downward pressure on ETH prices.

30.00.2026 - ETH Crypto was down 6.6%

• ETH faced a bearish movement as risk-off sentiment persisted globally, resulting in price drops.
• Onchain data and charts pointed towards downside risks for Ethereum, potentially leading to a decline towards $2,100 amid the overall bearish trend.
• Outflows from crypto exchange-traded funds (ETFs), including Bitcoin ETFs, reached nearly $1 billion, exerting selling pressure on the market and affecting ETH's performance.
• Despite Vitalik Buterin's announcement of a $45M initiative for privacy and open hardware, ETH's price today was more influenced by market sentiment and external factors than this development.

30.00.2026 - ETH Crypto was down 7.0%

• Concerns about the security of the Ethereum network may have arisen due to unclaimed ETH from The DAO hack being utilized for a security fund, potentially leading to a sell-off of ETH.
• An old crisis involving a $220 million security fund resurfacing after a decade could have caused apprehension among investors, resulting in negative sentiment towards ETH.
• Despite Ethereum's plunge, Tom Lee advised against abandoning the cryptocurrency, suggesting a temporary setback influenced by a surge in traditional safe-haven assets like gold and silver.
• The bearish movement of Ethereum today is likely attributed to weak technicals and risk-off sentiment in the cryptocurrency market.

30.00.2026 - ETH Crypto was down 6.0%

• Vitalik Buterin's $45M plan for privacy and open hardware may have initially sparked positive sentiment, but the overall market sentiment led to a bearish movement for ETH.
• The significant crash in Bitcoin, Ethereum, XRP, and Dogecoin, along with massive liquidations, likely contributed to the bearish trend in the cryptocurrency market, dragging down ETH as well.
• The launch of The DAO Security Fund and the use of unclaimed ETH from The DAO hack for security purposes could not offset the broader market sell-off, leading to ETH breaching $2,700 and slipping below $2,800.
• Despite positive developments like The DAO Security Fund, the overall bearish momentum in the market, with Bitcoin nearing November lows and Ethereum facing increasing downside pressure, resulted in ETH experiencing a strong bearish movement today.

02.01.2026 - ETH Crypto was down 7.1%

• ETH, along with other cryptocurrencies like Bitcoin and Ripple, faced a significant bearish movement, resulting in substantial price drops.
• BitMine Immersion Technologies Inc.'s Ethereum position incurred substantial unrealized losses, influencing the negative sentiment surrounding ETH.
• The sell-off of altcoins such as Monero, Ethereum, and Kaspa added downward pressure on ETH.
• Ethereum's bearish movement was influenced by the broader crypto market decline, liquidations surpassing $2.5 billion, and fluctuations in the commodities market.

02.01.2026 - ETH Crypto was down 7.8%

• Ethereum (ETH) faced a strong bearish movement in line with the broader cryptocurrency market decline.
• The intense sell-off in Ethereum can be attributed to the overall weakness in the crypto market, with Bitcoin, Ethereum, and Ripple all experiencing significant drops.
• The liquidations topping $2.5 billion and the sharp declines in Bitcoin and Ethereum prices indicate a widespread crash in the cryptocurrency market, contributing to Ethereum's bearish movement.
• Factors such as the commodities market swings and news related to Trump's Fed chair pick may have added to the downward pressure on Ethereum's price.

02.01.2026 - ETH Crypto was up 5.2%

• A significant amount of ETH was acquired by Bitmine Immersion Technologies last week, indicating a bullish sentiment towards the token.
• Ethereum is being considered as a strategic financial infrastructure by Tom Lee and other firms, potentially boosting its long-term value.
• Despite a recent slump in the value of Ethereum, Bitmine Immersion Technologies continues to invest in ETH, showing confidence in its future potential.
• The overall correction in the cryptocurrency market, with Bitcoin and other digital assets facing pressure, could have influenced ETH's bullish movement as investors seek alternative opportunities.

03.01.2026 - ETH Crypto was up 5.8%

• The lack of leverage and a rally in precious metals pulled down Ether's price, but market sentiment turned positive, resulting in a strong bullish movement.
• Bitmine Immersion Technologies acquiring a significant amount of ETH may have influenced the bullish momentum, suggesting confidence in the token's future potential.
• Industry experts framing Ethereum as a treasury asset and programmable settlement layer, such as Tom Lee, could have reignited interest and investment in ETH.
• Despite a recent drop in Ethereum's value impacting BitMine Immersion Technologies' stock, ongoing buying activities by Tom Lee indicate a positive long-term outlook for ETH.