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\n\t\t\t\t\t\t\t\t\tETH struggles below $2,300, but analysts believe there’s more pain ahead.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The largest altcoin was hit hard over the past few weeks, dropping from over $3,000 to a multi-month low of $2,100.<\/p>\n
Despite this substantial double-digit crash in the span of mere days, though, a few popular analysts recently indicated that the bottom has not been reached yet.<\/p>\n
One of them, going by the X handle CW, indicated<\/a> that ETH plummeted to a major buying wall at $2,100. If it\u2019s to reverse anytime soon, the first significant sell wall is at $2,560.<\/p>\n Ali Martinez based his bottom prediction on the Market Value to Realized Value (MVRV) band, a metric that helps identify potential trend reversals.<\/p>\n He said that Ethereum has historically bottomed out when it dropped below the 0.80 MVRV band. If history repeats itself now, it would result in a price drop to just under $2,000.<\/p>\n Ethereum $ETH<\/a> bottoms have historically formed below the 0.80 MVRV band.<\/p>\n Today, that level is near $1,959. pic.twitter.com\/cgcuy2OgvI<\/a><\/p>\n \u2014 Ali Charts (@alicharts) February 4, 2026<\/a><\/p>\n<\/blockquote>\n Crypto Tony shared a similar opinion. The analyst with over 560,000 followers on X noted that ETH could go down to the major support and psychological level of $2,000 before it rebounds decisively.<\/p>\n His chart is quite optimistic as it shows a quick surge to $3,600 before another calamity to yearly lows at $1,500 by the summer of 2026. However, the 1-week macro chart is highly bullish as it predicts a massive run to new all-time highs above $6,000.<\/p>\n $ETH<\/a> \/ $USD<\/a> \u2013 Macro Update<\/p>\n Personally i am looking for a bottoming to come in at $2000 level. Major support zone and a psychological level. pic.twitter.com\/8VGHOQOx9t<\/a><\/p>\n \u2014 Crypto Tony (@CryptoTony__) February 4, 2026<\/a><\/p>\n<\/blockquote>\n <\/p><\/div>\n\n
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