$ETH Market Analysis 2026.02.04

Since pointing out on January 28th that 3046 is highly likely the cyclical rebound high for ETH, ETH has fallen to 2110. It only took one week. Friends who have been following my tweets closely with short positions are already in profit. What’s next for ETH?

The pace of ETH’s decline is too fast, so the end point of its decline has shifted slightly. My original plan to gradually buy the dip in spot positions also needs some adjustments. The diagram shows the possible future movements of ETH:

Blue route: ETH started a minor rebound from 2110. After the rebound ends, ETH will continue to fall to the week of 2.23. Once the downtrend ends there, ETH will begin a trend upward.

Red route: ETH’s decline will likely be completed this week or next week, then start to rise. The Gann timing around 2.23 indicates a trend reversal point, which is the start of the upward trend for ETH, not the lowest point (the trend turns from this weekly K, with bulls gaining momentum).

If the red route is followed, the weekly low point this week or next week is very likely to be the end of the decline, and it could also be the lowest point in the next 90 days. I previously mentioned not to expect to buy the absolute bottom with full positions, so as long as ETH doesn’t make new lows recently, I will start to buy spot positions in batches.