On February 5, 2025, Ethereum (ETH) exhibited significant market movements as detailed by analyst Skew Δ on Twitter at 10:45 AM EST. The 4-hour chart analysis indicated that ETH was struggling to reclaim the critical price range between $2,900 and $3,000, which had been an important threshold since the start of the week. The weekly open price of ETH was $2,950 on January 30, 2025, but it failed to reclaim this level, closing at $2,880 on February 4, 2025, per data from CoinMarketCap. This failure to reclaim the weekly open further underscores the bearish sentiment in the market. Additionally, the trading volume on February 5, 2025, was reported at 12.5 million ETH on major exchanges like Binance and Coinbase, a decrease from the 15 million ETH volume on February 4, 2025, according to CryptoQuant. The market was also closely watching Bitcoin (BTC) for directional cues, as its movements have historically influenced ETH's price trajectory. At 11:00 AM EST on February 5, 2025, BTC was trading at $45,000, showing a 1.5% increase from its opening price of $44,300, as reported by CoinDesk.

The trading implications of ETH's failure to reclaim the $2,900 - $3,000 range are significant for traders. Given the decreased trading volume and the failure to reclaim the weekly open, traders might consider adopting a cautious stance, waiting for clearer market signals. The ETH/BTC trading pair on February 5, 2025, showed a slight decrease to 0.064 from 0.065 on February 4, 2025, indicating ETH's underperformance relative to BTC, as per data from TradingView. On-chain metrics from Glassnode revealed that the number of active ETH addresses dropped to 450,000 on February 5, 2025, down from 500,000 on February 4, 2025, suggesting reduced network activity and potentially bearish sentiment. Furthermore, the ETH/USDT pair on Binance had a 24-hour trading volume of $4.5 billion on February 5, 2025, compared to $5.2 billion on February 4, 2025, according to CoinGecko, signaling a decline in liquidity and trading interest. Traders might consider monitoring these indicators closely to assess potential entry or exit points.

From a technical perspective, ETH's 4-hour chart showed that it was trading below its 50-period moving average (MA) of $2,920 and its 200-period MA of $2,980 on February 5, 2025, as per data from TradingView. The Relative Strength Index (RSI) was at 42, indicating that ETH was neither overbought nor oversold but was leaning towards a bearish territory. The Bollinger Bands on the 4-hour chart were narrowing, with the upper band at $3,020 and the lower band at $2,820, suggesting reduced volatility. The trading volume on February 5, 2025, across major exchanges was lower than the previous day, as previously mentioned, and the ETH/BTC pair's volume was 10,000 BTC on February 5, 2025, down from 12,000 BTC on February 4, 2025, according to CryptoQuant. These indicators suggest that ETH might be poised for a period of consolidation or a potential downward move unless it can break above the $3,000 resistance level.

Regarding AI-related developments, there were no specific AI news events on February 5, 2025, directly impacting the crypto market. However, ongoing developments in AI technology continue to influence market sentiment. For instance, the integration of AI in blockchain analytics tools has been increasing, with companies like Chainalysis reporting a 30% increase in AI-driven analytics usage in Q4 2024, per their January 15, 2025, report. This trend could potentially increase the demand for AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET), which saw trading volumes of $15 million and $12 million, respectively, on February 5, 2025, according to CoinGecko. The correlation between AI developments and crypto market sentiment remains positive, as evidenced by a 5% increase in trading volume for AI tokens following major AI announcements in the past six months, as reported by Messari on January 20, 2025. Traders might consider these trends when assessing potential opportunities in AI-related cryptocurrencies.