How low can the price of ETH go in February?
ETH's price charts confirmed a triangle breakout, reversing the recent bias to the downside and focusing on $2,250 if sellers took control.
Ether (ETH) is now up 14% around $3,400, indicating the sellers' persistence above $3,000. A bearish technical setup suggests that the push may extend into February.
Main Receptors:
ETH fell back below $3,000, confirming a triangle breakout targeting $2,250.
If ETH breaks above the multi-month moving average resistance, the bearish scenario can be avoided.
Ether in Textbook Symmetric Triangle Decomposition.
On Thursday, ETH fell nearly 2.85% to $2,920 after the Federal Reserve held rates at its first policy meeting of the year, with geopolitical tensions related to Iran adding to risk sentiment.
The recent drop has put Ether in the crash phase of a balanced triangle configuration.
ETH dropped below the pattern's lower trendline last week, then bounced back to test that previous support as resistance. The retest failed, and the price bounded below the trend this week.
In technical analysis, a break below support and a retracement and rejection usually indicate that sellers have reversed the level to resistance, increasing the possibility of further downside.
The price of ETH could drop to a measured target near $2,250, a roughly 25% drop, if the gap persists in mid-February.
Can Ethereum bulls avoid a crash?
If ETH inverts the lower trend line of the triangle to support, this bearish outlook may be rejected.
Bulls need monitoring above the 200-3D EMA at $3,065 (blue) and more importantly the 50-3D EMA (red) which has tested each support above $3,000 since November 2025.
A clean recovery of those levels indicates that the crash failed.
That setup echoes the 2024 fractal, when ETH held its key moving averages and briefly broke out of the same structure before turning higher.
Related: Crypto Market Weakness Continues, But Ethereum Gauges Hint at $3.3K Rally
It is in line with many bullish ether predictions of a record high in 2026. This includes crypto analyst Annie's model-driven forecast of $10,000 worth of stocks.
Standard Chartered predicted the ETH price to reach $7,500 at the same time.
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