This drop in ETH has reached a crucial support level, the same level where the downward spike occurred on November 21, 2025, and where the upward breakout occurred on July 9, 2025, bringing the resistance level to 4900.
As long as this level holds, I believe there will be no pressure around 3050 in February, similar to the previous low. The key is how the market interprets this, the macro environment, and Trump's pressure on Iran. Whether a war breaks out depends on whether Trump wants to use force. Whether or not a war occurs, it's a thorn in the side.
I think it's worth betting on ETH around 2700, betting that after the market sell-off, funds will flow back into cryptocurrencies. This is a left-side bet, so you should set a stop-loss of at least 80-100 dollars, meaning the stop-loss should be below 2600. Control your position size carefully, start with a small position, and gradually increase your position, including averaging down, once you're sure it's the trend you want. Ideally, you should buy again after another downward drop. There shouldn't be any major moves over the weekend; be patient!