{"id":76918,"date":"2026-02-06T15:46:43","date_gmt":"2026-02-06T15:46:43","guid":{"rendered":"https:\/\/coinjournal.net\/?p=360650"},"modified":"2026-02-06T15:46:43","modified_gmt":"2026-02-06T15:46:43","slug":"ethereum-weakens-after-bitcoin-plunge-downside-risks-build","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/","title":{"rendered":"Ethereum weakens after Bitcoin plunge, downside risks build"},"content":{"rendered":"\n<ul>\n<li>Ethereum price is trading inside a huge channel on the monthly chart.<\/li>\n<li>Bitcoin&#8217;s crash to $60,000 &nbsp;dragged ETH to its intraday lows.<\/li>\n<li>After falling to lows of $1,748, ETH risks another leg down.<\/li>\n<\/ul>\n<p>Ethereum&#8217;s price hovers above $1,960 as of writing on February 6, 2026.<\/p>\n<p>This follows a sharp downturn in the past 24 hours, with the top altcoin crashing to lows of $1,700 amid broader market turbulence.<\/p>\n<p>Bitcoin&#8217;s crash to $60,000, before <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-bounces-to-67000-after-thursdays-bloodbath\/\">rebounding to $67,000<\/a>, dragged ETH to its intraday lows.<\/p>\n<p>All the top altcoins, including Solana, BNB and XRP, fell sharply amid the bloodbath.<\/p>\n<h2>Ethereum price recap<\/h2>\n<p>Ethereum fell below $1,800 on Thursday, marking its weakest level since mid-2025 as heavy selling pressure intensified.<\/p>\n<p>The decline followed a sharp drop in Bitcoin to around $60,000, which sent shockwaves through the broader crypto market.<\/p>\n<p>Although prices have since recovered above $1,900, continued ETF outflows and a prevailing risk-off environment suggest bullish momentum remains fragile.<\/p>\n<p>Ethereum is down more than 29% over the past week and about 40% over the past month, underscoring the depth of the recent sell-off.<\/p>\n<h2>ETH price prediction: could bears target $1,000 next?<\/h2>\n<p>Although bulls are targeting a move back above $2,000, the monthly chart points to a fragile price structure.<\/p>\n<p>The chart paints a massive range with $4,900 forming the top established during the past bear cycle.<\/p>\n<p>At the lower end, the parallel channel suggests potential downside toward the $1,000&ndash;$1,200 zone.<\/p>\n<p>At present, the $1,800&ndash;$1,900 area aligns with support levels seen in April and May 2025, which were tested after ETH retraced from highs of around $4,100 in December 2024.<\/p>\n<p>This overlap reinforces the zone&#8217;s importance in determining near-term price direction.<\/p>\n<figure id=\"attachment_360653\" aria-describedby=\"caption-attachment-360653\" class=\"wp-caption alignnone\"><img loading=\"lazy\" data-source=\"CoinJournal\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-360653\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/ethereum-price-chart-1.png\" alt=\"Ethereum Price Chart\" width=\"1057\" height=\"609\"><figcaption id=\"caption-attachment-360653\" class=\"wp-caption-text\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\">Ethereum price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>Analysts see this as a critical support zone, but if sellers breach it, it could give way to a downturn to levels untested since Ethereum&#8217;s 2022 bear market bottom.<\/p>\n<p>As such, bulls must eye a notable bounce above $2,000. If this happens, the next targets lie in the $2,250-$2,700 range.<\/p>\n<p>However, a breakdown below $1,800 risks testing $1,700 again.<\/p>\n<p>This week&#8217;s breakdown aligns with a similar breakdown in March-April 2025, which put prices beneath a key uptrend line formed since the bullish flip in April 2020 after the COVID crash.<\/p>\n<p>With bears having touched the mark already amid current bearish conditions, the picture isn&#8217;t in favour of bulls.<\/p>\n<p>A revisit could open up a path to the multi-year demand reload zone around $1,250-$1,000. This area represents untapped liquidity from the 2022 lows.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/\">Ethereum weakens after Bitcoin plunge, downside risks build<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Ethereum price is trading inside a huge channel on the monthly chart. Bitcoin&#8217;s crash to $60,000 &#160;dragged ETH to its intraday lows. After falling to lows of $1,748, ETH risks another leg down. Ethereum&#8217;s price hovers above $1,960 as of writing on February 6, 2026. This follows a sharp downturn in the past 24 hours, [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/\">Ethereum weakens after Bitcoin plunge, downside risks build<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":76919,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-76918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum weakens after Bitcoin plunge, downside risks build - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum weakens after Bitcoin plunge, downside risks build - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Ethereum price is trading inside a huge channel on the monthly chart. Bitcoin&#8217;s crash to $60,000 &#160;dragged ETH to its intraday lows. After falling to lows of $1,748, ETH risks another leg down. Ethereum&#8217;s price hovers above $1,960 as of writing on February 6, 2026. This follows a sharp downturn in the past 24 hours, [&#8230;] The post Ethereum weakens after Bitcoin plunge, downside risks build appeared first on CoinJournal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-06T15:46:43+00:00\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"Ethereum weakens after Bitcoin plunge, downside risks build\",\"datePublished\":\"2026-02-06T15:46:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\\\/\"},\"wordCount\":416,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\\\/\",\"name\":\"Ethereum weakens after Bitcoin plunge, downside risks build - 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Bitcoin&#8217;s crash to $60,000 &#160;dragged ETH to its intraday lows. After falling to lows of $1,748, ETH risks another leg down. Ethereum&#8217;s price hovers above $1,960 as of writing on February 6, 2026. This follows a sharp downturn in the past 24 hours, [&#8230;] The post Ethereum weakens after Bitcoin plunge, downside risks build appeared first on CoinJournal.","og_url":"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/","og_site_name":"CoinAlSat.com","article_publisher":"https:\/\/www.facebook.com\/coinalsat1","article_published_time":"2026-02-06T15:46:43+00:00","author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/#article","isPartOf":{"@id":"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/"},"author":{"name":"Author","@id":"https:\/\/coinalsat.com\/#\/schema\/person\/6fa35040f9ef4ae108188eaeb3ef441b"},"headline":"Ethereum weakens after Bitcoin plunge, downside risks build","datePublished":"2026-02-06T15:46:43+00:00","mainEntityOfPage":{"@id":"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/"},"wordCount":416,"commentCount":0,"publisher":{"@id":"https:\/\/coinalsat.com\/#organization"},"image":{"@id":"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/#primaryimage"},"thumbnailUrl":"https:\/\/coinalsat.com\/wp-content\/uploads\/2026\/02\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build.png","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/","url":"https:\/\/coinalsat.com\/en\/ethereum-weakens-after-bitcoin-plunge-downside-risks-build\/","name":"Ethereum weakens after Bitcoin plunge, downside risks build - 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