Ethereum ($ETH) Crypto Forecast: Down 14.1% 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 significant volatility recently.

Why is Ethereum going down?

ETH crypto is down 14.1% on Feb 5, 2026 23:41

• 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.

ETH Price Chart

ETH Technical Analysis

ETH News

Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive

Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.

https://decrypt.co/357130/crypto-treasury-underwater-bitcoin-ethereum-solana-dive

Ethereum Price Forecast: ETH plunges below $2,000 as funding rates return to negative territory

Ethereum (ETH) has broken below $2,000 on Thursday, extending its decline to about 30% over the past week.

https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-plunges-below-2-000-as-funding-rates-return-to-negative-territory-202602052005

Myriad Moves: How Low Will Bitcoin and Ethereum Go?

Top markets on Myriad this week include predictions on Bitcoin and Ethereum's next respective stops, plus the outcome of Super Bowl LX.

https://decrypt.co/357123/myriad-moves-how-low-bitcoin-ethereum-go

Tom Lee's BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

Shares in publicly traded Ethereum treasury firm BitMine Immersion Technologies have fallen to a seven-month low as unrealized losses mount.

https://decrypt.co/357114/tom-lee-bitmine-7-month-stock-low-ethereum-paper-losses-8-billion

Ethereum Drops Below $2,000, Craters 30% In 7-Day Crypto Market Meltdown

Ethereum ( CRYPTO: ETH ) is down around 30% over the past week, breaking below the $2,000 mark as technical and on-chain signals deteriorate. CryptoQuant data shows Ethereum's transfer count ( 14-day SMA ) surged to 1.17 million on Jan. 29, a level historically linked to major market turning ...

https://www.benzinga.com/crypto/cryptocurrency/26/02/50426359/ethereum-loses-2000-craters-30-in-7-day-crypto-market-meltdown

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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%

• The launch of Payy as Ethereum's first privacy-enabled EVM L2 may have sparked some interest in privacy features within the Ethereum ecosystem, but it was not enough to offset the overall bearish sentiment.
• The extremely bearish sentiment towards Bitcoin and Ethereum likely contributed to the downward pressure on ETH's price.
• Kyle Samani's departure from Multicoin to explore new technologies, particularly his shift in favor from Ethereum to Solana, could have added to the negative market sentiment surrounding Ethereum.
• Ethereum's price slipping below the average cost basis of investors, coupled with the broader market conditions and profit-taking behavior, led to the heavy distribution of ETH and the subsequent bearish movement.

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.

05.01.2026 - ETH Crypto was down 7.4%

• A departure from Multicoin to explore new tech by Kyle Samani, particularly Solana, may have shifted investor sentiment away from Ethereum, contributing to the bearish movement.
• The drop in Ethereum's price below the average cost basis of investors, as highlighted by CryptoQuant, likely triggered heavy selling pressure and further exacerbated the bearish trend.
• Vitalik Buterin's profitable Polymarket strategy and liquidation of millions in ETH might have raised concerns among investors, leading to a loss of confidence in Ethereum and contributing to the downward price movement.
• The substantial unrealized loss on Ethereum by Bitmine Immersion Technologies could have added to the negative sentiment surrounding ETH, causing investors to react by selling off their holdings and driving the price down further.

05.01.2026 - ETH Crypto was down 5.1%

• Ethereum (ETH) faced a strong bearish movement today, dropping over 5% to the $2,100 level, below the average cost basis of investors.
• The market sentiment was further impacted by Ethereum co-founder Vitalik Buterin's profitable Polymarket strategy and his decision to quietly liquidate millions in ETH, drawing criticism from some investors.
• A company experienced a substantial unrealized loss on Ethereum holdings, leading to a drop in their stock price and sparking discussions about the nature of losses in the cryptocurrency market.
• A listing of US-regulated Tezos futures showcased the continued expansion of derivatives beyond Bitcoin and Ether, adding to the overall market dynamics and investor interest in alternative cryptocurrencies.

05.01.2026 - ETH Crypto was down 5.8%

• A social media exchange between Ashley DCan and Eric Trump regarding Ethereum's price in 2025 may have negatively impacted market sentiment around ETH.
• The launch of Payy as Ethereum's first privacy-enabled layer 2 solution may have generated interest initially, but the prevailing bearish market sentiment overshadowed this positive development.
• Social media reports indicated strong bearish sentiment toward both Bitcoin and Ethereum, potentially influencing the downward pressure on ETH's price.
• Ethereum's price falling below investors' average cost basis suggests a lack of short-term confidence in the token's prospects, leading to increased selling pressure and the observed bearish movement.

03.01.2026 - ETH Crypto was down 5.2%

• Ethereum (ETH) displayed a noticeable bearish movement today, reflecting the prevalent sentiment of a downtrend in the overall crypto market.
• The market response to Solana dropping below $100 and the price target prediction of $2,000 for the token by 2030 by Standard Chartered may have diverted attention from Ethereum, contributing to its bearish performance.
• SRx Health Solutions' disclosure of a significant reduction in their short position on Bitcoin and Ethereum during market instability likely increased selling pressure on Ethereum.
• The rebranding of Sharplink, a key holder of Ether (ETH) and advocate for Ethereum, could have introduced uncertainties or distractions in the market, potentially impacting Ethereum's price in a negative manner.

04.01.2026 - ETH Crypto was down 5.3%

• ETH experienced a bearish movement possibly due to Vitalik Buterin's liquidation of millions in ETH, drawing criticism and raising concerns among investors.
• Bitmine Immersion Technologies Inc. faced a substantial unrealized loss on Ethereum, contributing to the negative sentiment surrounding ETH.
• The news of Bitnomial listing Tezos futures may have diverted some attention and investment away from Ethereum, impacting its price negatively.
• The overall uncertainty in the cryptocurrency market, exacerbated by regulatory concerns such as Trump's crypto entanglements, might have added to the selling pressure on ETH today.

04.01.2026 - ETH Crypto was down 5.0%

• The bearish movement in ETH today could be attributed to the overall market sentiment deteriorating into "extreme fear."
• The debate among Ethereum L2 builders about scaling solutions and Vitalik Buterin's call for specialization may have added uncertainty to ETH's price movement.
• Base's infrastructure upgrades to prevent transaction delays could have indirectly impacted ETH's performance, as it is a prominent player in the Ethereum ecosystem.
• The macro uncertainty across the crypto market, as well as the backlash in Congress over crypto entanglements, might have contributed to the bearish trend in ETH today.

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.

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.

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.