- Ethereum value is buying and selling inside an enormous channel on the month-to-month chart.
- Bitcoin crashed to $60,000, sending ETH to an intraday low.
- After falling to a low of $1,748, ETH is prone to additional decline.
As of this writing on February 6, 2026, the worth of Ethereum stays above $1,960.
This follows a pointy decline over the previous 24 hours, with the highest-priced altcoin crashing to a low of $1,700 amid widespread market turmoil.
Bitcoin crashed to $60,000 after which rebounded to $67,000, whereas ETH fell to an intraday low.
All main altcoins, together with Solana, BNB, and XRP, plummeted in the course of the catastrophe.
Ethereum value abstract
Ethereum fell beneath $1,800 on Thursday, its lowest degree since mid-2025 amid intense promoting stress.
The decline adopted Bitcoin’s plunge to round $60,000, sending shockwaves by the broader crypto market.
Costs have since recovered above $1,900, however continued ETF outflows and a prevalent risk-off surroundings recommend that bullish momentum stays fragile.
Ethereum is down greater than 29% prior to now week and about 40% within the final month, highlighting the depth of the current decline.
ETH Worth Prediction: Might the Bears Go for $1,000 Subsequent?
The bulls are concentrating on a return above $2,000, however the month-to-month chart exhibits that the worth construction is fragile.
This chart depicts a wide variety, with $4,900 forming the all-time excessive established throughout previous bear cycles.
On the decrease finish, the parallel channel suggests a possible draw back in direction of the $1,000-$1,200 zone.
In the intervening time, the $1,800 to $1,900 space is in keeping with the help degree seen in April and Could 2025, which ETH examined after retracing from a excessive of round $4,100 in December 2024.
This overlap strengthens the significance of the zone in figuring out short-term value route.
Analysts view this as a key help zone, but when sellers break by it, it may ship Ethereum right down to ranges not but examined because the backside of Ethereum’s 2022 bear market.
Due to this fact, bulls ought to keep watch over a major rebound above $2,000. If this occurs, the subsequent goal shall be within the vary of $2,250 to $2,700.
Nevertheless, a break beneath $1,800 dangers testing $1,700 once more.
This week’s breakdown is in keeping with an identical breakdown in March-April 2025, with costs sitting beneath the important thing uptrend line that has shaped because the April 2020 bullish reversal following the coronavirus crash.
Within the present bear market, the bears have already reached their goal, and the state of affairs isn’t of their favor.
A reconsideration may pave the way in which for a multi-year demand reload zone round $1,250-$1,000. This space represents untapped liquidity from the 2022 lows.