Ethereum (ETH) Price Analysis for February 2
Analysis
Price Impact
MedEthereum is showing potential for an upward move to the $2,400, $2,500, or even $2,500-$2,600 range if key resistance levels are broken and maintained.
Trustworthiness
MedAnalysis is based on technical indicators such as hourly resistance levels, daily false breakouts, and weekly candle closures, which are standard technical analysis methods.
Price Direction
BullishDespite a slight daily decline, eth is 'looking bullish' on the hourly chart. a break above $2,335 could lead to $2,400. a false breakout of $2,222 on the daily chart, if maintained, suggests a bounce to $2,500. midterm, a weekly close far from $2,152 could signal a move to $2,500-$2,600.
Time Effect
ShortThe analysis indicates potential moves for 'tomorrow' (hourly), 'shortly' (daily), and 'midterm' (weekly), suggesting immediate to near-term bullish prospects.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Most of the coins have returned to the green zone; however, there are some exceptions to the rule, according to CoinStats . Advertisement ETH chart by CoinStats ETH/USD Unlike other cryptocurrencies, the rate of Ethereum (ETH) has declined by 0.48% since yesterday. Image by TradingView Despite today's fall, the price of ETH is looking bullish on the hourly chart. The rate of the main altcoin is trying to fix above the resistance at $2,335. You Might Also Like Sun, 02/01/2026 - 17:21 SHIB Price Analysis for February 1 By Denys Serhiichuk If it happens, the upward move is likely to continue to the $2,400 zone tomorrow. Image by TradingView On the longer time frame, the rate of ETH has made a false breakout of yesterday's bar's low at $2,222. If bulls' pressure continues and the candle closes far from that mark, one can expect a bounce off to the $2,500 zone shotrly. Image by TradingView From the midterm point of view, traders should pay attention to the weekly bar closure in terms of the $2,152 level. If it happens far from it, there is a possibillty of seeing a correction to the $2,500-$2,600 range. Ethereum is trading at $2,370 at press time. #Ethereum Price Prediction