\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tEthereum is trading near $2,730 after breaking key support, with analysts watching $2,620 and $2,450 as ETF outflows continue for a third month.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ethereum is entering February 2026 on unstable ground. After slipping below key levels, the asset is hovering near zones that traders have been watching. Pressure is building, and market attention is now on whether ETH can hold its ground or if further losses are ahead.<\/p>\n
The $2,710 level has been an important support since December. Ethereum recently dipped below it, raising concerns that a deeper move may follow. Crypto analyst Ardi described this zone as \u201cvery critical<\/em>\u201d and said if ETH fails to hold here, \u201cthe $2,620 swing low is the next hunt.<\/em>\u201d<\/p>\n If $2,620 fails, attention will likely shift to the $2,450 level, which acted as a strong base in mid-2025. According to Ardi, this area should serve as \u201cthe main line of defence<\/em>\u201d on a larger move down. \u201cBelow that gets extremely ugly,<\/em>\u201d they said, referring to the lack of nearby support beneath this zone.<\/p>\n $ETH<\/a> \/ Ethereum<\/p>\n Very critical area for the chart here. Lose this $2710 support and the $2620 swing low is the next hunt.<\/p>\n ~$2450 should be the main line of defence on the macro move down. Below that gets extremely ugly.<\/p>\n ETH\/BTC also trending down aggressively. Looks like\u2026 pic.twitter.com\/PKX4U3O6z8<\/a><\/p>\n \u2014 Ardi (@ArdiNSC) January 30, 2026<\/a><\/p>\n<\/blockquote>\n Meanwhile, Ethereum is trading at around $2,730 with a 24-hour volume of $45.3 billion. The price is down 7% in the last 24 hours and almost 7% over the past week (per CoinGecko\u2019s data). For the month of January, ETH lost nearly 7%, currently trading well below the levels seen at the start of the year.<\/p>\n Over the past day, the price has ranged between $2,700 and $2,940. Ethereum is now 45% below its all-time high of $4,950 reached in August 2025.<\/p>\n Investor flows into Ethereum ETFs continue to show weakness. January saw a net outflow of more than $100 million. This followed heavier outflows of $617 million in December and nearly $1.5 billion in November. The consistent exit over three months suggests reduced institutional interest.<\/p>\n Another analyst, Ted, commented<\/a> that ETH has lost the $2,800 zone, pointing to the $2,500\u2013$2,600 range as the next likely support. \u201cThis is most likely to hold in the short term for any bounce<\/em>,\u201d he said. Still, the pattern of mixed ETF flows has kept some traders cautious.<\/p>\n While the trend has weakened, some analysts believe conditions are forming for a reversal. Bryant noted<\/a> ETH is showing a \u201ctriple bullish divergence<\/em>,\u201d where price forms lower lows and RSI forms higher lows.<\/p>\n \u201cThis is a much stronger signal for a reversal,\u201d they said.<\/p>\n<\/blockquote>\n Others are watching long-term trendlines. Kamran Asghar pointed out that ETH is testing a support that has held since 2022, asking if this could be a \u201cbuy-the-dip<\/em>\u201d area. Meanwhile, Sykodelic projected<\/a> a longer-term target of $10,000, calling it a \u201creasonable minimum<\/em>\u201d if a full recovery builds.<\/p>\n <\/p><\/div>\n\n
Outflows from ETFs Add Pressure<\/h2>\n
You may also like:<\/h3>\n
\n
\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n
![<\/a>Ethereum Spot ETF Net Inflow 1.30. Source: SoSoValue<\/figcaption><\/figure>\nAnother analyst, Ted, commented<\/a> that ETH has lost the $2,800 zone, pointing to the $2,500\u2013$2,600 range as the next likely support. \u201cThis is most likely to hold in the short term for any bounce<\/em>,\u201d he said. Still, the pattern of mixed ETF flows has kept some traders cautious.<\/p>\nWhile the trend has weakened, some analysts believe conditions are forming for a reversal. Bryant noted<\/a> ETH is showing a \u201ctriple bullish divergence<\/em>,\u201d where price forms lower lows and RSI forms higher lows.<\/p>\n\n\u201cThis is a much stronger signal for a reversal,\u201d they said.<\/p>\n<\/blockquote>\nOthers are watching long-term trendlines. Kamran Asghar pointed out that ETH is testing a support that has held since 2022, asking if this could be a \u201cbuy-the-dip<\/em>\u201d area. Meanwhile, Sykodelic projected<\/a> a longer-term target of $10,000, calling it a \u201creasonable minimum<\/em>\u201d if a full recovery builds.<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-30-at-2.39.36-PM-scaled.png\"){kind=link}