2026-02-04 02:47:55

Ethereum market continues to weaken today, with prices remaining in a low-range oscillation. According to Gate market data, as of press time, ETH is trading at $2,264.15, down 3.44% in the past 24 hours, with a daily low of $2,109. Although there was a "V" shaped rebound in the early morning, the overall structure remains weak.

From a technical analysis perspective, the market is still dominated by sellers. On the 4-hour chart, the price continues to stay below the key dynamic resistance, with the Average Directional Index (ADX) reaching as high as 64, indicating that the current bearish momentum is very strong. Currently, $2,100 is a critical swing low support. If this level is broken, the downside risk will increase, with the next major target zone looking at the psychological levels of $2,000 to $2,050. Short-term rebound attempts need to first break through the resistance around $2,450.

ETH-4,1%

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WealthAndFortune

· 39m ago

On-chain metrics show that the supply of Bitcoin in profit and loss is converging, which has historically signaled market bottoms. Currently, approximately 11 million BTC are in profit, and 8.9 million are in loss. This situation may indicate that Bitcoin's price is approaching $60,000. Analysts believe this is an important signal for determining whether the bear market is nearing its end.

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