5 Strong Ethereum Signals: ETH Price Drops to IDR 34 Million, Analysts Assess Rebound Potential is Open

Jakarta, Pintu News – The crypto market is under pressure again after Ethereum dropped below the USD2,000 psychological level. The drop has dragged down many other cryptocurrencies and sparked concern, especially among first-time investors. However, a number of analysts think that the current condition is actually approaching the phase of selling fatigue and has the potential to be a turning point for the market.

1. Ethereum’s Selling Pressure Is Still Strong

The price of Ethereum (ETH) had fallen to the area of USD2,040 or around IDR34.4 million. This drop worsened market sentiment as the USD2,000 level has been considered an important area for crypto players.

This has led many investors to be more cautious. But historically, high-pressure phases like this often appear ahead of trend changes.

Also Read: 5 Fun Facts: Bitcoin Often Rebounds in February – Lessons from Historical Data

2. Analysts think ETH won’t go down forever

ChainHub crypto analysts think Ethereum’s decline is starting to show signs of fatigue. According to him, after a sharp decline phase, there is usually an equally large chance of recovery.

He emphasized that extreme fear in the cryptocurrency market often appears near price turning points. This pattern has occurred in previous market cycles and is an important reference for medium-term investors.

3. USD1,700 Key Level is an Area of Concern

ChainHub calls the USD1,700 area an important technical zone. This area is considered to be in line with the broader correction structure on the Ethereum chart.

Although there is a chance that the price will touch this level, it does not rule out the possibility of ETH bouncing faster. If the price approaches this zone, buying interest is expected to reappear.

4. Bitcoin’s Movement Affects Ethereum

Ethereum’s movement is also linked to Bitcoin (BTC), which was previously rejected at the USD72,000 level. Currently, Bitcoin is in the range of USD59,000-USD49,000 or around IDR995 million to IDR827 million.

Analysts rate the area as an important demand zone for Bitcoin. If BTC manages to form a price bottom, the impact could potentially be contagious to the crypto market and drive Ethereum’s recovery.

5. Other Altcoins Enter the Demand Zone

Ethereum is not the only cryptocurrency testing important levels. Solana (SOL) fell below USD100 and briefly touched USD75 or about Rp1.27 million.

Other altcoins such as Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Avalanche (AVAX) also returned to the lowest price area since 2024. This suggests the market is seeking a new equilibrium.

Interim Conclusion for Investors

Although pressure is still present, many indicators show that the crypto market is approaching the consolidation phase. This situation is often the beginning of the formation of a new momentum, although the risks remain high.

For novice investors, understanding technical levels and global sentiment is important. Ethereum and other cryptocurrencies are currently at a crucial phase that should be observed with a rational approach.

Also Read: 5 AI Perspectives: Will XRP Fall Below $1 in February 2026?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Scott Matherson / NewsBTC. Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says. Accessed February 9, 2026.