😂 “ETH really said: ‘Let me scare everyone first, then maybe bounce later’… classic crypto drama.”
Ethereum Daily Market Update – Feb 05, 2026
Ethereum has completed a clean move from range breakdown straight into major support. Price dropped aggressively from the $2,280–$2,300 zone and flushed directly into $2,100–$2,150, printing a low near $2,065. This wasn’t a slow bleed — it was impulsive selling, showing real pressure from bears.
Once ETH tapped this support, the sell-off paused. That tells us sellers are starting to lose steam here… but buyers still haven’t stepped in with real strength. So for now, it’s more of a “pause” than a “bounce.”
From the higher timeframe, structure is still bearish. Price remains below key value areas and breakdown levels, so the overall trend hasn’t changed. Any upside move right now should be treated as a relief bounce, not a full reversal — unless we see clear structural improvement.
On the intraday chart, ETH is sitting at a decision zone.
The $2,100–$2,150 area is the battlefield.
If price holds above $2,100, downside pressure slows.
If we get acceptance below $2,100, bears likely take control again and we could see $2,050–$2,000 next.
Support zones:
• $2,150–$2,100 (major decision support)
• $2,050–$2,000 (next downside target)
Resistance zones:
• $2,150–$2,180 (first reaction resistance)
• $2,200–$2,230 (stronger intraday resistance)
Game plan:
No chasing shorts into support. No blind dip buying either. Patience wins here.
If ETH holds $2,100 and forms higher lows on the 15m, a quick scalp long toward $2,150–$2,200 makes sense.
If it breaks and accepts below $2,100, flip bearish and look for continuation toward $2,050–$2,000.
Until then… staying flat is safer than donating money to the market makers 😄
👉 So tell me — team bounce or team breakdown today?
