ETH Price Prediction: Ethereum Eyes $2,450 Recovery as Oversold Conditions Signal Potential Bounce
Joerg Hiller Feb 03, 2026 09:33
ETH Price Prediction Summary • Short-term target (1 week) : $2,450-$2,550 • Medium-term forecast (1 month) : $2,200-$2,650 range • Bullish breakout level : $2,650 (above EMA 12) • Criti...
ETH Price Prediction Summary
• Short-term target (1 week): $2,450-$2,550 • Medium-term forecast (1 month): $2,200-$2,650 range • Bullish breakout level: $2,650 (above EMA 12) • Critical support: $2,179.76
What Crypto Analysts Are Saying About Ethereum
While specific analyst predictions from the past 24 hours are limited, earlier forecasts from January 2026 provide insight into market expectations. Altcoin Doctor (@AltcoinDoctor) previously suggested "Ethereum's potential to reach $3,500 by mid-January 2026 represents a realistic upside target," though current price action suggests this target was not achieved within the projected timeframe.
CoinCodex had projected ETH could reach $3,549.33 by mid-January with a 10.38% gain, while Coindcx targeted the $3,280–$3,350 range. However, these predictions have not materialized as Ethereum currently trades significantly below these levels at $2,283.93.
According to on-chain data from major analytics platforms, Ethereum's current technical position suggests oversold conditions that could lead to a relief rally in the near term.
ETH Technical Analysis Breakdown
Ethereum's technical indicators paint a picture of oversold conditions with potential for a bounce. The RSI at 26.25 indicates deeply oversold territory, historically a level where ETH has found buying interest. This oversold reading suggests the recent selling pressure may be exhausted.
The MACD histogram at 0.0000 shows bearish momentum has stalled, though it hasn't yet turned positive. The Bollinger Band position of 0.03 confirms ETH is trading very close to the lower band at $2,242.97, indicating the asset is potentially oversold relative to its 20-day moving average.
Key moving averages show the longer-term bearish structure remains intact, with ETH trading below all major SMAs. The SMA 7 at $2,556.30 and EMA 12 at $2,645.27 represent immediate resistance levels that need to be reclaimed for any meaningful recovery.
Current support sits at $2,231.85 with stronger support at $2,179.76. Immediate resistance is found at $2,366.32 followed by the more significant $2,448.70 level.
Ethereum Price Targets: Bull vs Bear Case
Bullish Scenario
In the bullish case for this ETH price prediction, Ethereum could target the $2,450-$2,550 range within the next week. This would represent a move back toward the EMA 12 at $2,645.27, which would be required to confirm any meaningful trend reversal.
For bulls to take control, ETH needs to break above the immediate resistance at $2,366.32 on sustained volume. A move above $2,450 would bring the 7-day SMA at $2,556.30 into focus, representing approximately 12-15% upside from current levels.
The ultimate bullish target would be a return to the 20-day SMA at $2,892.58, though this appears unlikely without significant fundamental catalysts.
Bearish Scenario
The bearish scenario for this Ethereum forecast involves a break below the critical support at $2,179.76. Such a move could trigger further selling toward the $2,000-$2,100 psychological support zone.
Risk factors include the persistent bearish structure across all timeframes, with ETH trading below key moving averages. The MACD remains in negative territory, and any failure to hold current support levels could accelerate downside momentum.
A breakdown below $2,000 would likely target the next major support zone around $1,800-$1,900, representing significant downside risk of 20-25% from current levels.
Should You Buy ETH? Entry Strategy
For traders considering an ETH position based on this price prediction, the current oversold conditions present a potential opportunity for a relief bounce. Conservative entries could be made around $2,250-$2,280 with stops below $2,150.
More aggressive traders might wait for confirmation of upside momentum with a break above $2,350 before entering positions. This approach would provide better risk-reward ratios while waiting for technical confirmation.
Risk management is crucial given the overall bearish structure. Position sizes should be reduced, and stop-losses should be strict. Any long positions should target the $2,450-$2,550 resistance zone for profit-taking.
Conclusion
This ETH price prediction suggests Ethereum is positioned for a potential 8-12% bounce toward $2,450-$2,550 based on deeply oversold technical conditions. The RSI at 26.25 and proximity to Bollinger Band support indicate selling pressure may be exhausted in the near term.
However, the broader trend remains bearish with ETH trading below all major moving averages. While a relief rally appears likely, sustainable recovery would require breaks above key resistance levels and fundamental improvements in market sentiment.
Disclaimer: This Ethereum forecast is based on technical analysis and should not be considered financial advice. Cryptocurrency investments carry significant risk, and prices can be highly volatile. Always conduct your own research and consider your risk tolerance before making investment decisions.
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