Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Bearish Pressure on ETH: Why Current Volatility Doesn't Change the Bullish Trend
The Ethereum market is experiencing a period of significant fluctuations, and analysts like Yi Lihua are assessing the situation cautiously. According to data as of February 2, 2026, ETH is priced at $2,190, with a 24-hour range between $2,170 and $2,440. Although the -9.47% decline in the last 24 hours seems concerning, it reflects more a temporary bearish pressure than a fundamental change in market dynamics.
Market Volatility: Normal Fluctuations in a Bearish Context
The fluctuations observed within the $2,170-$2,440 range are not unusual and should be analyzed within the broader context of the cryptocurrency market. The analysis platform NS3.AI emphasizes that these oscillations are consistent with Ethereum’s historical price behavior. Even during periods of evident bearish pressure, short-term movements do not invalidate the technical structure of the market. Analysts note that the market is testing support levels, and reactions are in line with expectations during a normal correction.
Why Bearish Pressure Is Only Temporary
Detailed analysis suggests that the current period of weakness is limited in duration. Factors supporting a long-term recovery remain intact, and the market’s reaction at current levels indicates that institutional buyers are also paying attention. Yi Lihua recommends maintaining a long-term perspective rather than reacting emotionally to short-term volatility. Recent shifts demonstrate that the market has the ability to absorb selling pressures without losing its structural integrity.
Recommended Strategy: Accumulation During the Correction Phase
For investors pursuing a long-term strategy, periods of bearish pressure actually present opportunities. Analysts recommend continuing accumulation strategies, considering that declines in the crypto industry are, from a broader cycle perspective, normal and temporary events. The current volatility does not alter the bullish fundamentals of the crypto market, and those who maintain a long-term position are better positioned to benefit from the inevitable recovery.