$ETH 2026-2-28

Main Path
"Breakdown continuation ~ Rebound fails to cross the midline ~ Making new lows again"
ETH has already formed a clear downward structure on the 1H timeframe,
Continuously pressured from above 2060 with consecutive bearish candles, dropping to around 1936.
Currently, on the 15m chart, there is slight fluctuation, but: it remains below the midline, the 1H moving averages are continuously pressing down, and rebound heights are decreasing.
The structure is very clear: high-level oscillation breaks the support level, confirms a rebound, and then continues downward.
This is not just oscillation; it is a standard weak trend decline structure.
Current rhythm:
Mainly bearish decline ~ Rebounds with no volume ~ Bearish dominance
Technical structural details
BOLL15m:
Price running near the lower middle band
Midline continuously pressing down
Upper band far away
Bearish channel structure 1H:
Price operating below the midline with widening bandwidth
Lower band beginning to move downward, indicating a release phase of the trend

MACD15m:
Green bars are shortening
But no effective golden cross formed
Just diminishing momentum, not a reversal
1H:
Death cross below zero line
Medium-term bearish trend not over

RSI15m:
Long-term below 40 with weak rebounds unable to break 50, bearish dominance
1H:
Falling into weak zone with no divergence
No signs of stopping the decline yet

Secondary Path
"1935-1980 weak oscillation, testing lows again" If short-term does not recover above 2000,
The market will maintain:
1935-2000 range oscillation, biased bearish, as long as rebounds do not surpass 2000
All belong to a correction structure within a downtrend.
Support Levels
Primary support: 1935
Secondary support: 1900
Main support: 1880
Resistance Levels
Primary resistance: 1975-1985
Secondary resistance: 2000-2020
Key resistance: 2060

Alternative Path
If 15m volume stabilizes above 2020 and the 1H MACD converges approaching a golden cross, the market may enter a rebound continuation.
Target:
2050-2070
If it breaks below 1935,
The bear trend will accelerate.
Target:
1900-1880-1850

Long Position Operation Suggestions
Entry zone: 1880-1935
Stop loss: 1850
Target: 1975-2000
( Only trade oversold rebounds, small positions, quick exits )
Short Position Strategy
Entry zone: 1975-2020 Stop loss: 2055
Target: 1935-1900-1880
Core logic:
Prioritize bearish trend, mainly short on rebounds.
Rhythm Summary
Current structural features: Moving averages arranged in a bearish manner, rebound heights decreasing, clear resistance at the 1H midline.
Price continues to operate in the lower band area.
Principle: No bottom fishing, no guessing reversals.
Wait for rebounds to give shorting opportunities.
ETH has shifted from oscillation to a trending decline structure. If it cannot hold above 2000, trend reversal is off the table. Breaking below 1935 will lead to accelerated downward movement.
Short-term focus: 1935-2000
Mainly short on rebounds within this range. ( ‌)$BTC ‌$ETH