BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Ethereum’s Brutal February Sell-Off Filters Out Paper Hands: What’s Next?

by Matoy
February 3, 2025
in CRYPTO
Reading Time: 3 mins read
A A
4
SHARES
62
VIEWS
Share on XShare in TelegramShare on Reddit
  • ETH plummets over 30% in a day as trade war fears shake markets.
  • Losing the $2,700 support level could trigger an even deeper selloff.
  • Bulls need to reclaim $3,000 to restore confidence and shift momentum.

Ethereum just went through one of its worst trading days in recent memory, collapsing over 30% in less than 24 hours as panic gripped the crypto market. The massive liquidation event, fueled by escalating U.S. trade war tensions, sent shockwaves across digital assets. Bitcoin and other major altcoins also took a beating, but ETH’s drop was particularly alarming.

For a while, Ethereum had been fighting to reclaim critical price levels, but this sudden crash has shattered investor confidence. The question now is—was this just a short-term shakeout, or is ETH about to enter a deeper bearish phase?

A Crucial Pattern and the $2,700 Lifeline

Prominent analyst Ali Martinez pointed out a long-term head-and-shoulders formation developing on Ethereum’s chart. This pattern, if confirmed, could spell trouble. According to Martinez, Ethereum must hold above $2,700 to maintain its bullish structure. A breakdown below that level could open the door for a steeper correction, delaying any potential rally.

This isn’t just speculation—history backs it up. When ETH lost similar support levels in the past, it resulted in extended downtrends. Right now, all eyes are on whether buyers step in to defend this critical zone, or if sellers push prices toward lower demand areas.

If this is a head-and-shoulders pattern, #Ethereum $ETH must hold above $2,700 to keep the bullish structure intact and have a chance of reaching $7,000! pic.twitter.com/nR6TDg2jA4

— Ali (@ali_charts) February 3, 2025

Will Ethereum Bounce Back or Keep Bleeding?

The situation is tense. Following the liquidation event, Ethereum is currently hovering around $2,595, struggling to find solid ground. The entire market remains jittery, and volatility is through the roof.

For ETH to stage a proper comeback, it must reclaim $2,800 and then push beyond $3,000. If bulls can manage that, it could signal the start of a recovery and bring some much-needed confidence back to the market. But if Ethereum fails to gain traction, there’s a real risk of further downside.

With macroeconomic fears and trade war uncertainty still looming, the next few days could determine Ethereum’s fate in the coming months. Will ETH stabilize and recover, or are we looking at another leg down? Investors are watching closely—this could be a defining moment for the second-largest cryptocurrency.

Tags: eth
Tweet1ShareShare
Previous Post

ADA Joins the Market’s Sharp Drop: Rebounds on Monday but Will the Correction Continue?

Next Post

Coinbase Triumphs: Wins FCA Approval to Launch UK Crypto Services

DON'T MISS THESE! HOT OFF THE PRESS

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.