Ethereum ($ETH) Crypto Forecast: Up 13.2% Today

What is Ethereum?

Ethereum (ETH) is a popular cryptocurrency token known for its smart contract functionality and decentralized applications. The overall cryptocurrency market has been experiencing volatility recently.

Why is Ethereum going up?

ETH crypto is up 13.2% on Feb 6, 2026 23:46

• A high-profile purchase of a Bored Ape NFT by a renowned individual, resulting in a significant decrease in its value, showcases the unpredictable nature of NFT investments, potentially impacting the wider crypto market.
• Market disruptions affecting treasuries, ETFs, and mining infrastructure due to crypto market fluctuations might have prompted investors to seek refuge in Ethereum, aiding in its upward price movement.
• Observations of significant liquidations by a well-known cryptocurrency exchange on crypto-backed loans during recent drops in Bitcoin and Ethereum prices could have sparked increased interest in alternative cryptocurrencies such as Ethereum, pushing its value higher.
• The decision of an investment firm to liquidate Coinbase shares following a decline in Bitcoin prices could signify a pivot towards other digital assets like Ethereum, potentially enhancing its market performance.

ETH Price Chart

ETH Technical Analysis

ETH News

Justin Bieber Paid $1.3 Million for a Bored Ape NFT. It's Now Worth $12K

Back when NFTs were hot, Justin Bieber dropped $1.3 million to join the Bored Ape Yacht Club. The Ethereum NFTs now start at just $12K.

https://decrypt.co/357276/justin-bieber-paid-1-3-million-bored-ape-nft-now-worth-12k

Crypto Biz: Sell-Off Hits Treasuries, ETFs and Mining Infrastructure

Crypto's downturn is rippling through treasuries, ETFs and mining infrastructure, exposing how digital asset volatility reshapes balance sheets and operations.

https://cointelegraph.com/news/crypto-stress-test-hits-balance-sheets-bitcoin-ether-collapse

Coinbase's Crypto-Backed Loans Notch Record Liquidations Amid Bitcoin, Ethereum Plunge

Coinbase customers faced losses in fresh ways through the exchange's crypto-backed lending product as Bitcoin and Ethereum tumbled this week.

https://decrypt.co/357265/coinbases-loans-record-liquidations-bitcoin-ethereum-plunge

Strategy, BitMine, Coinbase Shares Chart Major Rebound as Bitcoin Stabilizes

Strategy (MSTR), BitMine (BMNR), and Coinbase (COIN) helped lead the crypto stock rebound as Bitcoin bounced back from a dip near $60K.

https://decrypt.co/357183/strategy-bitmine-coinbase-major-rebound-bitcoin-stabilizes

Cathie Wood's Ark Invest Dumps Coinbase Shares Amid Bitcoin Crash

Noted tech investor Cathie Wood's Ark Invest dumped shares in Coinbase on Thursday amid Bitcoin's slide to nearly $60,000.

https://decrypt.co/357184/cathie-woods-ark-invest-dumps-coinbase-shares-bitcoin-crash

Trending Today

Bitcoin ($BTC) Crypto Forecast: Up 8.2% Today

Ethereum ($ETH) Crypto Forecast: Up 13.2% Today

Ethereum Price History

05.01.2026 - ETH Crypto was down 10.5%

• The overall sentiment in the crypto market is extremely bearish, with major tokens like Bitcoin, Ethereum, and XRP experiencing double-digit percentage crashes.
• Shares of BitMine Immersion Tech (BMNR) are also declining in line with the crypto market pullback, indicating a broader trend affecting crypto-related stocks.
• Despite ETH decreasing below $2K, there is evidence of whales accumulating the token while smaller retail traders are capitulating, suggesting a shift in market dynamics.
• The introduction of instant redemptions for tokenized real-world assets by Multiliquid and Metalayer could be impacting market liquidity and investor behavior, potentially influencing the bearish movement in ETH.

05.01.2026 - ETH Crypto was down 7.7%

• Vitalik Buterin, the co-founder of Ethereum, selling nearly 3,000 ETH could have contributed to the bearish sentiment as it may have led to concerns about insider selling impacting the token's price.
• The ongoing decline in Ethereum's price, coupled with social media banter involving Eric Trump and past comments about ETH, may have added to negative market sentiment and contributed to the bearish movement.
• The launch of Payy as Ethereum's first privacy-enabled layer 2 solution could be seen as a positive development for the Ethereum ecosystem, but it might not have been enough to offset the overall bearish market sentiment in the short term.
• The overall risk-off mood prevailing in the cryptocurrency market, as indicated by the decline in Bitcoin, Ethereum, and XRP prices, could have also played a role in pushing ETH lower as retail investors may have been selling off their positions.

06.01.2026 - ETH Crypto was up 13.2%

• A high-profile purchase of a Bored Ape NFT by a renowned individual, resulting in a significant decrease in its value, showcases the unpredictable nature of NFT investments, potentially impacting the wider crypto market.
• Market disruptions affecting treasuries, ETFs, and mining infrastructure due to crypto market fluctuations might have prompted investors to seek refuge in Ethereum, aiding in its upward price movement.
• Observations of significant liquidations by a well-known cryptocurrency exchange on crypto-backed loans during recent drops in Bitcoin and Ethereum prices could have sparked increased interest in alternative cryptocurrencies such as Ethereum, pushing its value higher.
• The decision of an investment firm to liquidate Coinbase shares following a decline in Bitcoin prices could signify a pivot towards other digital assets like Ethereum, potentially enhancing its market performance.

06.01.2026 - ETH Crypto was up 11.4%

• Record liquidations on Coinbase amid Bitcoin and Ethereum plunge may have initially contributed to negative sentiment, but the rebound in Bitcoin and Ethereum prices led to a positive market movement.
• Cathie Wood's Ark Invest dumping Coinbase shares amidst Bitcoin's slide could have caused some initial selling pressure, but the overall market sentiment turned bullish with Bitcoin stabilizing.
• Despite concerns about Ether slipping below $1.4K based on technical and onchain data signals, the resilience of Ethereum's price above $1,900 and the rebound in the broader crypto market helped ETH maintain its bullish momentum.
• The rebound in Bitcoin, Ethereum, and XRP amid a risk-off environment and a $2.6 billion liquidation wave suggests that market participants regained confidence, leading to the bullish movement in Ethereum today.

06.01.2026 - ETH Crypto was down 5.4%

• ETH faced a bearish movement as it struggled to break above the $2,000 resistance level, leading to a drop below $1,900.
• Trend Research reducing its Ether exposure and liquidation risk rising below $1,700 likely added selling pressure on ETH.
• The overall crypto market sentiment turned to Extreme Fear (5) as Bitcoin and other cryptocurrencies like Dogecoin also experienced significant declines.
• Despite the market downturn, Metaplanet CEO's decision to stick with Bitcoin accumulation plan amidst stock and crypto slumps shows confidence in the long-term potential of cryptocurrencies.

05.01.2026 - ETH Crypto was down 14.2%

• ETH dropped below $2,000, marking a 30% decline over the past week.
• Negative funding rates and deteriorating technical and on-chain signals contributed to the downward pressure on ETH.
• The overall sentiment in the crypto market turned extremely bearish, with Bitcoin, Ethereum, and XRP all experiencing double-digit percentage crashes.
• Speculation around the market meltdown and concerns about the impact of negative sentiment on cryptocurrencies like ETH led to increased selling pressure and heightened volatility in the market.

06.01.2026 - ETH Crypto was down 11.3%

• ETH plunged below $2,000 as funding rates turned negative.
• The wider crypto market, including Bitcoin and Ripple, also saw significant declines to multi-month lows.
• The CEO of Metaplanet remains committed to the company's Bitcoin accumulation plan, indicating long-term confidence in the crypto market.
• The market sentiment appears pessimistic, with publicly traded crypto treasury firms facing losses as Bitcoin and Ethereum continue to decline.

06.01.2026 - ETH Crypto was down 10.3%

• Ethereum (ETH) drops below $2,000, marking a 30% decline over the past week, in line with the overall bearish trend in the cryptocurrency market.
• Publicly traded crypto treasury firms, including those holding Ethereum, are facing losses as the prices of Bitcoin and Ethereum continue to dive.
• Negative funding rates and overall market sentiment are contributing to the downward pressure on Ethereum's price.
• The stock price of a firm holding Ethereum hits a seven-month low, reflecting significant paper losses incurred during this market downturn.

05.01.2026 - ETH Crypto was down 8.9%

• The bearish movement in Ethereum (ETH) today could be attributed to a significant sale of nearly 3,000 ETH worth $6.6 million. This series of on-chain swaps might have added selling pressure to the market.
• Additionally, the overall sentiment in the cryptocurrency market seems to be risk-off, as indicated by the decline in Bitcoin (BTC) and XRP prices. This could have led to retail investors dumping their holdings, further contributing to the bearish trend in Ethereum.
• The news of instant redemptions for tokenized real-world assets by Multiliquid and Metalayer might have diverted some liquidity away from Ethereum, impacting its price negatively.
• Eric Trump's old advocacy for Ethereum and the subsequent banter on social media could have added to the negative sentiment surrounding the token, especially as it sank below $2,100.

05.01.2026 - ETH Crypto was down 14.1%

• ETH faced a strong bearish movement, dropping below $2,000 and losing about 30% of its value over the past week.
• The negative price action can be attributed to deteriorating technical and on-chain signals, as well as high transfer counts indicating increased selling pressure.
• Publicly traded crypto treasury firms, including BitMine Immersion Technologies, are facing significant losses due to Ethereum's decline, further impacting market sentiment.
• The overall crypto market sentiment remains bearish as Bitcoin and other major cryptocurrencies also face downward pressure, contributing to ETH's price plunge.

06.01.2026 - ETH Crypto was down 6.6%

• Ethereum (ETH) dropped below $2,000, marking a significant decline of about 30% over the past week.
• The broader crypto market sentiment turned to Extreme Fear (5) as Bitcoin also experienced a sharp drop to $65,000, with liquidations hitting $2.60 billion in the last 24 hours.
• Negative funding rates returning to the Ethereum market might have contributed to the bearish movement, indicating increased selling pressure and lack of confidence among investors.
• Despite the downturn, Metaplanet CEO's commitment to Bitcoin accumulation plan amidst the market slump suggests a long-term bullish outlook for cryptocurrencies.

06.01.2026 - ETH Crypto was up 5.6%

• Despite bearish signals indicating a potential slip in Ether's price, the cryptocurrency managed to have a strong bullish movement recently.
• Cathie Wood's Ark Invest dumping Coinbase shares amid Bitcoin's slide may have initially raised concerns about the overall market sentiment, but Ethereum defied the odds and surged.
• The rebound of Bitcoin and Ethereum amid a risk-off environment and a $2.6 billion liquidation wave suggests that investors are regaining confidence in the market, leading to the bullish movement of ETH.
• Trend Research reducing its Ether exposure due to liquidation risks below $1,700 could have initially put pressure on Ethereum's price, but the resilience of the token prevailed, showcasing strong investor interest and support.