📊 2026-02-19 ETH Technical Analysis (as of 13:50)

Current Price: approximately $1,965 (intraday oscillation slightly weak, following BTC weakness)

1. Short-term Trend (1H/4H)

- Structure: Oscillating downward since the $2,150 high, with lower highs, 4H bearish dominance
- Moving Averages: 4H/120-minute bearish alignment, $1,990–$2,000 as short-term strong resistance
- Bollinger Bands: 4H bands trending downward, upper band at $2,030, middle band at $1,970 both acting as resistance
- Oversold Rebound: Hourly RSI shows a rebound from low levels, weak rebound during the white session facing resistance

2. Key Price Levels (Intraday)

- Resistance Levels
- First: $1,990–$2,000 (bull-bear dividing line + moving average pressure)
- Second: $2,030 (Bollinger upper band + yesterday’s high)
- Strong Resistance: $2,050 (break above could extend the rebound)
- Support Levels
- First: $1,950 (intraday low)
- Second: $1,920–$1,900 (key support, a break indicates acceleration)
- Strong Support: $1,880 (area of previous concentrated chips)

3. Indicators and Signals

- RSI: Rebounded after being oversold on the 1H, still below 50 on the 4H, bulls lack strength
- MACD: 4H bearish momentum weakening, forming a bottom divergence, rebound lacks volume
- Volume: Rebound with decreasing volume, breakdown with increasing volume, bears remain dominant

4. Intraday Strategy (Mainly Short, Supplementary Long)

- Short: Enter at $1,990–$2,000, add short at $2,030; target $1,950 → $1,920 → $1,900; stop loss at $2,050
- Long: Light position at $1,900–$1,920 to test long; target $1,960 → $1,990; stop loss at $1,880

5. Risk Warning

- Breaking below $1,900 likely accelerates decline to $1,880 or lower
- Holding above $2,030 suggests a continued rebound, aiming for $2,050–$2,100