Ethereum (ETH) Price Analysis for February 9
Analysis
Price Impact
LowEthereum has experienced a 3% daily drop. while there's a short-term possibility of testing resistance, the overall sentiment points to falling volume and lack of strong momentum, suggesting limited sharp price movements.
Trustworthiness
MedAnalysis uses standard technical indicators, but the source article contains a significant error in a key paragraph, confusing eth with xrp, which impacts overall reliability.
Price Direction
NeutralAfter a 3% daily drop, eth is showing signs of potential short-term upward movement towards resistance, but the broader outlook indicates consolidation within the $1,900-$2,100 range, with neither bulls nor bears dominating and falling trading volume.
Time Effect
ShortThe analysis suggests a lack of sharp moves 'soon' and consolidation in the midterm, indicating that significant price action is not expected in the immediate future.
Original Article:
Article Content:
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 cryptocurrencies are back to the red zone at the beginning of the week, according to CoinStats . Advertisement ETH chart by CoinStats ETH/USD The rate of Ethereum (ETH) has fallen by 3% over the past day. Image by TradingView On the hourly chart, the price of ETH is rising after a false breakout of the local support at $2,013. If bulls' pressure continues, there is a high chance of seeing a test of the resistance tomorrow. Image by TradingView On the longer time frame, the situation is neither bullish nor bearish as the rate of the main altcoin is far from support and resistance levels. You Might Also Like Mon, 02/09/2026 - 15:50 XRP Price Analysis for February 9 By Denys Serhiichuk Thus, the volume keeps falling, confirming the absence of buyers and sellers' energy. All in all, traders are unlikely to witness sharp moves soon. Image by TradingView From the midterm point of view, the rate of XRP is in the middle of a wide channel, between the support at $1,385 and the resistance at $2,624. As none of the sides is dominating, consolidation in the range of $1,900-$2,100 is the most likely scenario. Ethereum is trading at $2,062 at press time. #Ethereum Price Prediction