ET

Ethereum

ETH 1 Hour Move
-1.86%
$2,240.08 → $2,198.38

Why Ethereum is down 1.9% in the last hour

Analysis

Ethereum (ETH) slipped 1.9% over the last hour as broader market risk-off pressure weighed on majors, echoing reports of a sharp weekend-wide drawdown across crypto that hit BTC and ETH (CryptoPotato). At the same time, AMBCrypto pointed to heightened liquidation stress and deleveraging dynamics in ETH, which can amplify short-term downside as positions get forced out.

Contributing Factors (3)

#1
AMBCrypto Liquidation 2 weeks ago

Ethereum enters FTX-era stress: Is this structural deleveraging?

Risk-off flows drive liquidations, negative Funding Rates, and structural market stress.

Confidence
82%
Read source
#2
Decrypt ETF Flows 3 weeks ago

Ethereum Founder Vitalik Buterin Made $70K Betting Against 'Crazy Mode' on Polymarket

The Ethereum founder claims his strategy of betting against extreme market sentiment "usually makes money" on Polymarket.

Confidence
74%
Read source
#3
CryptoPotato Regulatory 3 weeks ago

$200 Billion Gone From Crypto Markets as BTC, ETH, XRP Tanked on Saturday: Weekend Watch

HASH and WLFI are among the poorest performers, while HYPE is actually in the green daily.

Confidence
71%
Read source

Move Details

Asset Ethereum
Symbol ETH
Direction ↓ Bearish
Timeframe 1 Hour
Start Price $2,240.08
End Price $2,198.38
Change -1.86%
Detected Feb 2, 2026 6:00 AM

Explanation Confidence

77%

High confidence in the explanation based on source reliability and timing.