#小非农数据不及预期 Ethereum short-term trend

As of February 5, 2026, the support situation in the chip concentration area below 2100 is at

2000-2070 USD (strong short-term support) Chip scale: approximately 4.2 million pieces, accounting for

5.3% of circulation. After the sharp drop in January-February 2026, the concentrated turnover area, the low point on February 2 is 2163, and the low point on the 5th is 2075; Causes: psychological integer threshold + weekly technical level + concentrated area of contract liquidation, funds are concentrated around 2000-2050 for hanging orders, short-term stop-loss and bottom-fishing orders resonate; Key: a significant drop below 2070 may accelerate the decline towards the 2000 integer

threshold. Additionally, it should be noted that the previous weekly level formed strong support rebounds multiple times above 2000 and 2050,

currently close to this position, pay attention to the breaking situation at 2000. The support situation in the chip concentration area below Bitcoin is at 68000-70000 (strong support during deep

pullback) Chip scale: approximately 2.1 million pieces, accounting for 1.10% of circulation, 2025

fluctuation and washing area, long-term holders (LTH) concentrated positions. Causes: historical

trading concentration area + whale lock-up area, liquidity center during deep pullbacks, non-extreme emotions are difficult to break effectively. Key: If the volume stops falling in this range, it is likely to trigger a technical rebound, targeting around 84000. Additionally, it should be noted that around 69000 is

an important turning point for tops and bottoms as the high point position for a long time before 2024,

with the area from 69500 to 70000 serving as the support for the previous weekly level's实体k线. This position acts as an important short-term support; if it does not break, it can be used as a medium to long-term trend for phased layout.