In Q1 2026, Ether (ETH) is down 21% — its third-weakest first quarter — according to CoinGlass, but Fundstrat’s Tom Lee argues the pullback looks attractive amid strengthening fundamentals. He points to record network activity and says weakness stems from leverage not returning since the Oct. 10 crash and capital rotating to precious metals; Lee also noted BitMine bought 41,788 ETH last week.

Ethereum slid beneath 2,420 and 2,300 and is trying to rebound from the 2,155–2,150 area, but sellers cap recoveries near 2,350–2,365 with the 100 hour SMA overhead. A decisive move above 2,450 and toward 2,600 could open 2,700, while rejection at 2,365 leaves 2,250, 2,220 and 2,150 as key supports.

On 3 February 2026, Ethereum was trading around $2,300 while SUI hovered near $1.14 in a consolidation phase. At the same time, the Zero Knowledge Proof (ZKP) presale entered Stage 2, limiting daily supply to 190 million coins and tightening access for new buyers.

Ethereum slid toward the $2,200 area after repeated failures to clear $2,500–$2,550 triggered a sharp sell-off. According to on-chain data, roughly 600,000 ETH moved to exchanges in a single day, and derivatives liquidations reached about $280 million over 24 hours. On-chain analysts also noted whale longs with over 45,000 ETH posted as collateral and roughly $100 million borrowed.

Ripple's XRP recently fell below the key $1.77 swing low, putting the April 2025 trough at $1.61 at risk. Technical signals on the H4 chart point to a potential bounce toward the $1.85-$1.94 band as a short-selling zone, with downside targets at $1.50 and $1.39. A sustained move above $1.94-$2.0 would be needed to hint at a bullish recovery.

Pepe Coin has fallen to $0.000004118 after an 11% slide over several days, leaving it down 14% in a week, 31% in a month and 66% over the past year. Technical indicators, including the MVRV long-short difference and RSI, suggest PEPE may be near a bottom and could retest higher levels such as $0.00000450 and $0.0000070 in the coming weeks. Meanwhile, presale project SUBBD has collected more than $1.47 million as it develops an AI-powered content platform and offers its SUBBD token at $0.0574875.

New York Attorney General Letitia James and Manhattan District Attorney Alvin Bragg sent a letter to Congressional leaders criticizing the GENIUS Act. According to CNN, they contend the law lets issuers keep interest on assets backing flagged coins rather than prioritizing restitution; Chainalysis reports illicit crypto flows hit $154 billion in 2025 with stablecoins at 84%.

On 2 February 2026, Trump Media & Technology Group reaffirmed that 2 February 2026 is the record date for a shareholder-only digital token program. Holders with at least one full share of "DJT" will receive non-transferable tokens providing access-based rewards across Truth Social, Truth+, and Truth.Fi, with no equity, cash redemption, or investment features.