{"id":67692,"date":"2026-02-06T15:46:46","date_gmt":"2026-02-06T15:46:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/"},"modified":"2026-02-06T15:46:46","modified_gmt":"2026-02-06T15:46:46","slug":"ethereum-weakens-after-bitcoin-plunge-downside-risks-build","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/","title":{"rendered":"Ethereum weakens after Bitcoin plunge, downside risks build"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ether-bear-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ether-bear-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ether-bear-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ether-bear-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Ethereum price is trading inside a huge channel on the monthly chart.<\/li>\n<li>Bitcoin\u2019s crash to $60,000 \u00a0dragged ETH to its intraday lows.<\/li>\n<li>After falling to lows of $1,748, ETH risks another leg down.<\/li>\n<\/ul>\n<p>Ethereum\u2019s price hovers above $1,960 as of writing on February 6, 2026.<\/p>\n<p>This follows a sharp downturn in the past 24 hours, with the top altcoin crashing to lows of $1,700 amid broader market turbulence.<\/p>\n<p>Bitcoin\u2019s crash to $60,000, before <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-bounces-to-67000-after-thursdays-bloodbath\/\">rebounding to $67,000<\/a>, dragged ETH to its intraday lows.<\/p>\n<p>All the top altcoins, including Solana, BNB and XRP, fell sharply amid the bloodbath.<\/p>\n<h2>Ethereum price recap<\/h2>\n<p>Ethereum fell below $1,800 on Thursday, marking its weakest level since mid-2025 as heavy selling pressure intensified.<\/p>\n<p>The decline followed a sharp drop in Bitcoin to around $60,000, which sent shockwaves through the broader crypto market.<\/p>\n<p>Although prices have since recovered above $1,900, continued ETF outflows and a prevailing risk-off environment suggest bullish momentum remains fragile.<\/p>\n<p>Ethereum is down more than 29% over the past week and about 40% over the past month, underscoring the depth of the recent sell-off.<\/p>\n<h2>ETH price prediction: could bears target $1,000 next?<\/h2>\n<p>Although bulls are targeting a move back above $2,000, the monthly chart points to a fragile price structure.<\/p>\n<p>The chart paints a massive range with $4,900 forming the top established during the past bear cycle.<\/p>\n<p>At the lower end, the parallel channel suggests potential downside toward the $1,000\u2013$1,200 zone.<\/p>\n<p>At present, the $1,800\u2013$1,900 area aligns with support levels seen in April and May 2025, which were tested after ETH retraced from highs of around $4,100 in December 2024.<\/p>\n<p>This overlap reinforces the zone\u2019s importance in determining near-term price direction.<\/p>\n<figure id=\"attachment_360653\" aria-describedby=\"caption-attachment-360653\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-360653\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/ethereum-price-chart-1.png\" alt=\"Ethereum Price Chart\" width=\"1057\" height=\"609\"\/><figcaption id=\"caption-attachment-360653\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener\">Ethereum price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>Analysts see this as a critical support zone, but if sellers breach it, it could give way to a downturn to levels untested since Ethereum\u2019s 2022 bear market bottom.<\/p>\n<p>As such, bulls must eye a notable bounce above $2,000. If this happens, the next targets lie in the $2,250-$2,700 range.<\/p>\n<p>However, a breakdown below $1,800 risks testing $1,700 again.<\/p>\n<p>This week\u2019s breakdown aligns with a similar breakdown in March-April 2025, which put prices beneath a key uptrend line formed since the bullish flip in April 2020 after the COVID crash.<\/p>\n<p>With bears having touched the mark already amid current bearish conditions, the picture isn\u2019t in favour of bulls.<\/p>\n<p>A revisit could open up a path to the multi-year demand reload zone around $1,250-$1,000. This area represents untapped liquidity from the 2022 lows.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ethereum price is trading inside a huge channel on the monthly chart. Bitcoin\u2019s crash to $60,000 \u00a0dragged ETH to its intraday lows. After falling to lows of $1,748, ETH risks another leg down. Ethereum\u2019s price hovers above $1,960 as of writing [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":67693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67692"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=67692"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/67693"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=67692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=67692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=67692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}