Ethereum price: Classic chart pattern suggests ETH will go below $2K

CoinTelegraph Published Updated Cryptocurrency
Sign in to save

Affected assets and topics

ETH ETHEREUM

Why it matters

A classic chart pattern suggests that Ethereum's price may decline below $2,000 and potentially reach the $1,665-$1,725 range in February, based on bearish technical and on-chain indicators.

Article tone

Neutral How the article is written, as reported by the source.

Expected market reaction

Bearish Confidence 90% How confidence is read Horizon: Short term Impact: Moderate

Market impact analysis based on bearish sentiment with 90% confidence.

Evidence trail

Evidence
Source CoinTelegraph
Claim Ethereum price: Classic chart pattern suggests ETH will go below $2K
AI inference Bearish · 90%
Generated 2026-02-04 10:40

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
41367

Original source

Ether risks declining toward the $1,665-$1,725 range in February, according to a confluence of bearish technical and on-chain indicators.

Read the full article on CoinTelegraph

Original article published by CoinTelegraph on February 4, 2026. Analysis and insights provided by AnalystMarkets AI.

Related coverage