{"id":38005,"date":"2026-02-03T06:14:41","date_gmt":"2026-02-03T06:14:41","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=38005"},"modified":"2026-02-03T06:14:43","modified_gmt":"2026-02-03T06:14:43","slug":"ethereum-technical-analysis-report-3rd-february-2026","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-3rd-february-2026","title":{"rendered":"Ethereum Technical Analysis Report – 3rd February 2026"},"content":{"rendered":"\n

Here is a technical analysis of ETH\/USDT on a daily timeframe:<\/p>\n\n\n\n

Market Structure:<\/strong> ETHUSDT remains in a clear daily downtrend, with consistent lower highs and lower lows since the macro top, and the long-term descending trendline continues to act as strong resistance.<\/p>\n\n\n\n

Pattern Breakdown:<\/strong> The breakdown of the symmetrical triangle pattern was a bearish continuation signal and has broken decisively to the downside, confirming trend continuation rather than a reversal.<\/p>\n\n\n\n

Volume & Momentum:<\/strong> The breakdown occurred with expanding sell volume, indicating real distribution. Momentum is weak, no bullish divergence is present, and strong red candles confirm active sellers.<\/p>\n\n\n\n

Key Levels:<\/strong> Price is now below prior structural support, which is likely to act as resistance on pullbacks, while the 2,200 level stands out as a major multi-year support drawn from December 2023.<\/p>\n\n\n\n

Also Read: Crypto at WEF 2026: A Defining Moment for Global Finance<\/a><\/p>\n\n\n\n

Risk Zone:<\/strong> A clean break below 2,200 could open downside toward the 1,800 region, and any major move up or down should be validated by clear volume expansion.<\/p>\n\n\n\n

At the time of writing, ETH was trading at $2,350.<\/p>\n\n\n\n

Here is the chart with a broader view:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Summary:<\/strong> ETH is still trending bearish on the daily, with price respecting a long-term downtrend and the recent breakdown backed by strong selling pressure, signaling continuation rather than any meaningful reversal. Price is now below key structure, making 2,200 a crucial support to watch, as a loss of this level could accelerate downside toward the 1,800 region, especially if volume expands.<\/p>\n\n\n\n

Key Levels<\/strong><\/p>\n\n\n\n

  Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$1,800<\/td>$2,200<\/td>ETH<\/strong><\/td>$2,800<\/td>$3,100<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In the grand scheme of things, ZebPay blogs<\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on ZebPay<\/a>!<\/p>\n\n\n\n

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TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Here is a technical analysis of ETH\/USDT on a daily timeframe: Market Structure: ETHUSDT remains in a clear daily downtrend, with consistent lower highs and lower lows since the macro top, and the long-term descending trendline continues to act as strong resistance. Pattern Breakdown: The breakdown of the symmetrical triangle pattern was a bearish continuation […]<\/p>\n","protected":false},"author":1,"featured_media":37874,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[79,16,311,22],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/38005"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=38005"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/38005\/revisions"}],"predecessor-version":[{"id":38008,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/38005\/revisions\/38008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/37874"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=38005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=38005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=38005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}