On February 1, 2026, at 13:00 (UTC+8), ETH is currently trading around $2440, with a daily low of approximately $2242, down over 10%. Following the market panic, it has dropped sharply, with short-term bears dominating.

📊 Core Indicators and Key Levels

- Key Levels: Resistance at $2500/$2600; Support at $2250/$2200/$2000.
- Moving Averages: 50/200-day moving averages are in a bearish alignment, with prices significantly deviating from the averages, indicating strong bearish pressure.
- RSI(14): Below 25, indicating deep oversold conditions, possibly a weak rebound rather than a reversal signal.
- MACD( Daily): Bearish crossover downward, indicating strong bearish momentum.
- Volume: Increasing downward movement, panic selling pressure concentrated, making quick stabilization difficult in the short term.

⚙️ Trading Strategies (Short-term/Contracts)

- Contract Strategy (Aggressive): Rebound short at $2480-$2500, stop loss at $2550, target $2350-$2250, break below targets $2200-$2000.
- Spot Strategy (Conservative): Mainly observe, wait for volume to decrease and stabilize or for a secondary bottom, then gradually add light positions, with position size ≤ 3%, stop loss below $2000.

⚠️ Risk Warnings

- Leverage Risk: High leverage can trigger chain liquidations; contracts must be traded with light positions and strict stop-loss.
- Correlation Risk: BTC movements are directly influenced by macro fluctuations (such as a sharp drop in precious metals), which can amplify volatility.
- Liquidity: During panic selling, price slippage may exceed expectations.