As of February 5, 2026, the support level for Ethereum (ETH) below 2100 is in the 2000-2070 USD range (strong short-term support). The total number of tokens is approximately 4.2 million, representing 5.3% of the circulating supply. This area saw concentrated trading after the sharp drop in January-February 2026, with a low of 2163 on February 2nd and a further drop to 2075 on February 5th. The reasons for this are: a psychological psychological level + a weekly technical level + a dense area of contract liquidation, with funds concentrated in the 2000-2050 range, resulting in a convergence of short-term stop-loss orders and bottom-fishing. The key point is that a break below 2070 with high volume could accelerate the decline towards the 2000 psychological level. It's also worth noting that the weekly chart previously showed strong support and rebounds above 2000 and 2050, and the price is currently approaching this level; pay attention to whether the 2000 level is broken. The support level for Bitcoin is located in the 68,000-70,000 range (strong support after a deep pullback). The total number of Bitcoins is approximately 2.1 million, representing 1.10% of the circulating supply. This area represents the consolidation zone expected in 2025 and is a densely held zone for long-term holders (LTH). This is due to historical high trading volume combined with large whale holdings, acting as a liquidity hub during deep pullbacks. It's unlikely to break through this level effectively without extreme sentiment. Key point: If the price stabilizes with increased volume in this range, a technical rebound is likely, targeting around 84,000. It's also important to note that the 69,000 level represents a significant high point before 2024 and serves as a key support/resistance level. The 69,500-70,000 area represents previous weekly candlestick support. This level acts as a crucial short-term support; if it holds, it can be used for phased accumulation in the medium to long term.
Gu Jingci: Analysis of Key Support Levels Below 2.5 Bitcoin/Ethereum
2026-02-05 05:31:20
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