{"id":6420,"date":"2026-02-06T17:47:32","date_gmt":"2026-02-06T17:47:32","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6420"},"modified":"2026-02-06T17:47:32","modified_gmt":"2026-02-06T17:47:32","slug":"ethereum-weakens-after-bitcoin-plunge-downside-risks-build","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6420","title":{"rendered":"Ethereum weakens after Bitcoin plunge, downside risks build"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ether-bear-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ether-bear-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ether-bear-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ether-bear-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/ether-bear.jpg\" alt=\"Ethereum bear\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Ethereum price is trading inside a huge channel on the monthly chart.<\/li>\n<li>Bitcoin\u2019s crash to $60,000 \u00a0dragged 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\u2019s 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\u2019s crash to $60,000, before rebounding to $67,000, 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\u2013$1,200 zone.<\/p>\n<p>At present, the $1,800\u2013$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\u2019s importance in determining near-term price direction.<\/p>\n<figure id=\"attachment_360653\" aria-describedby=\"caption-attachment-360653\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" fetchpriority=\"high\" 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\">Ethereum price chart 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\u2019s 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\u2019s 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\u2019t 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<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>Markets,ethereum price#Ethereum #weakens #Bitcoin #plunge #downside #risks #build1770400052<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is trading inside a huge channel on the monthly chart. Bitcoin\u2019s crash to $60,000 \u00a0dragged ETH to its intraday lows. After falling to lows of $1,748, ETH risks another leg down. Ethereum\u2019s price hovers above $1,960 as of writing on February 6, 2026. This follows a sharp downturn in the past 24 hours,<\/p>\n","protected":false},"author":1,"featured_media":6421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-6420","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum weakens after Bitcoin plunge, downside risks build - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Ethereum price is bouncing near $2,000 after falling to lows of $1,700 on Thursday amid a crypto bloodbath that pushed Bitcoin to $60,000\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6420\" \/>\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\" \/>\n<meta property=\"og:description\" content=\"Ethereum price is bouncing near $2,000 after falling to lows of $1,700 on Thursday amid a crypto bloodbath that pushed Bitcoin to $60,000\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=6420\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-06T17:47:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/ether-bear.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6420\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=6420\",\"name\":\"Ethereum weakens after Bitcoin plunge, downside risks build - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6420#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6420#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/ether-bear.jpg\",\"datePublished\":\"2026-02-06T17:47:32+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Ethereum price is bouncing near $2,000 after falling to lows of $1,700 on Thursday amid a crypto bloodbath that pushed Bitcoin to $60,000\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6420#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=6420\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6420#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/ether-bear.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/ether-bear.jpg\",\"width\":1600,\"height\":900},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6420#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum weakens after Bitcoin plunge, downside risks build\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ethereum weakens after Bitcoin plunge, downside risks build - Crypto News: Latest Cryptocurrency News and Analysis","description":"Ethereum price is bouncing near $2,000 after falling to lows of $1,700 on Thursday amid a crypto bloodbath that pushed Bitcoin to $60,000","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=6420","og_locale":"en_US","og_type":"article","og_title":"Ethereum weakens after Bitcoin plunge, downside risks build","og_description":"Ethereum price is bouncing near $2,000 after falling to lows of $1,700 on Thursday amid a crypto bloodbath that pushed Bitcoin to $60,000","og_url":"https:\/\/cryptonews.uk.com\/?p=6420","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-02-06T17:47:32+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/ether-bear.jpg","type":"image\/jpeg"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=6420","url":"https:\/\/cryptonews.uk.com\/?p=6420","name":"Ethereum weakens after Bitcoin plunge, downside risks build - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=6420#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=6420#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/ether-bear.jpg","datePublished":"2026-02-06T17:47:32+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Ethereum price is bouncing near $2,000 after falling to lows of $1,700 on Thursday amid a crypto bloodbath that pushed Bitcoin to $60,000","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=6420#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=6420"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=6420#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/ether-bear.jpg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/ether-bear.jpg","width":1600,"height":900},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=6420#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum weakens after Bitcoin plunge, downside risks build"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto &amp; Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/6420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6420"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/6420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/6421"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}