$ETH Ethereum (ETH) Analysis – 5 Feb 2026.
Current Price Trend: ETH is showing signs of consolidation around $3,250. The recent pullback has found support near $3,200, suggesting buyers are stepping in.
Support Levels: $3,200 and $3,150. These are key zones where ETH may bounce if selling pressure continues.
Resistance Levels: $3,350 and $3,400. Breaking above these levels could trigger a short-term rally.
Technical Indicators:
RSI: Neutral (~52), indicating no extreme overbought or oversold conditions.
MACD: Flattening, suggesting consolidation before the next major move.
Market Sentiment: Positive, with DeFi activity increasing and ETH staking demand remaining strong.
Short-term Outlook: ETH may continue to trade sideways unless it breaks key resistance. Watch for volume spikes as confirmation for a potential upward move.
📊 Tip: Traders may consider waiting for a clear breakout above $3,350 before entering long positions.
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