Ethereum Plummets 25% in a Week, Analysts Warn More Declines Ahead
Ethereum faces a significant drop in value as analysts caution that further price decreases could be on the horizon.
Ethereum has suffered a notable decline, falling from over $3,000 to a low of $2,100 in recent weeks. Despite this sharp decrease, analysts suggest that the bottom has not yet been reached.
One analyst known as CW noted that Ethereum has reached a crucial buying wall at the $2,100 mark, and any rebound will first need to overcome a sell wall at $2,560.
Ali Martinez predicted that Ethereum typically bottoms out when its Market Value to Realized Value (MVRV) drops below 0.80. If history holds true, this could imply a price drop to just under $2,000.
Ethereum $ETH bottoms have historically formed below the 0.80 MVRV band. Today, that level is near $1,959. – Ali Charts, February 4, 2026
Crypto Tony shared a forecast suggesting that Ethereum might test the psychological support level of $2,000 before a stronger rebound occurs.
A chart analysis predicts a surge up to $3,600 before a potential drop down to yearly lows of $1,500 by summer 2026. However, a bullish one-week macro chart hints at possible new all-time highs beyond $6,000.
$ETH / $USD – Macro Update Personally, I am looking for a bottoming to come in at the $2,000 level; a major support zone and a psychological level. – Crypto Tony, February 4, 2026
