Ethereum Pulls Back Below the 3,000 USDT Mark as Market Sentiment Shifts

2026-02-02 11:01:53

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Ethereum is currently trading at $2,280, down 4.77% over the past 24 hours, according to real-time market data as of February 2, 2026. This marks a notable pullback from the psychological barrier of 3,000 USDT that ETH briefly touched just days earlier.

The recent decline signals shifting market dynamics in the broader cryptocurrency landscape. Despite ETH’s earlier momentum that drove it past the 3,000 USDT level on January 27, the digital asset has since retreated, erasing previous gains and entering a consolidation phase. This 4.77% correction reflects profit-taking activity and potential weakness in near-term bullish sentiment.

From a technical perspective, the retreat from the 3,000 USDT zone is significant as this level had been acting as a resistance point. The current price action suggests traders are reassessing their positions, with the 24-hour decline indicating bearish pressure overcoming recent buying interest. Market observers will be watching to see whether ETH can stabilize at current support levels or if further downside is likely in the coming sessions.

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