ETH Market Analysis 2026.02.06
1.14 I indicated that the rebound starting from 2624 for ETH has ended, and it has now entered a downward trend again. In just three weeks, ETH has dropped by 48%+
3400, 3045, and 2400 are a few persistent reminders that before mid-February, one should not consider bottom-fishing or stopping the decline. So, can we bottom-fish now?
Since ETH started to fall on January 14, there has been almost no significant signs of stopping the decline, which is rare in history. The possible trends are shown in the diagram:
Red Route: The weekly closing low for ETH this week will become a stage low, followed by a sharp rebound that may end in late February before continuing to decline to find a bottom.
Blue Route: The decline that began from 4956 for ETH has come to a halt, and the next movement is a rebound against the entire decline, which will last until mid-26 if it follows this path.
Whether it follows the red or blue route depends on the strength of the rebound after the stop this week. After confirming the rebound begins, I will analyze based on the overall structure of ETH and the strength of the rebound. Friends interested can give a follow #何时抄底？ $ETH
