📌 2026-02-17 ETH Technical Analysis (as of 10:50)

Current Price: $1,970 (oscillating weak, oversold rebound)

 

1. Trend and Structure

- Daily timeframe: Bearish dominance, oversold correction
- Moving averages are in a bearish alignment, price below 50-day MA (≈$2,300) and 200-day MA (≈$2,600)
- RSI (14): ≈29.7, deeply oversold, strong rebound demand
- MACD below zero line, green bars shrinking, weakening downward momentum
- 4-hour timeframe: Oscillating under pressure, clear resistance
- Short-term rebound encountering the $2,000 round number + 30-day moving average confluence suppression
- Key watershed: $1,980 (battle between bulls and bears)
- Weekly timeframe: Weak bottom-finding, critical support test
- 200-week SMA ≈ **$1,730** (strong support / bull-bear dividing line)
- Losing this support opens downtrend space toward $1,600–$1,500

 

2. Key Levels (Intraday/Short-term)

🔽 Support levels (from strong to weak)

1. $1,950 (intraday low / dense buy orders)
2. $1,930 (short-term support / liquidation zone)
3. $1,900 (psychological level / dense chips)
4. $1,880–$1,890 (on-chain strong demand zone)

🔼 Resistance levels (from near to far)

1. $1,995–$2,000 (intraday strong resistance / trapped orders)
2. $2,025–$2,040 (rebound key level / stop-loss area)
3. $2,080 (medium-term rebound target)
4. $2,150 (strong resistance / golden ratio level)

 

3. Indicator Signals

- RSI (14): ≈29.7, oversold, rebound probability increasing
- MACD: Daily divergence pattern emerging, 4-hour golden cross but insufficient momentum
- Bollinger Bands: Price near lower band, volatility expanding, band walking sideways (bearish bias)
- Volume: Rebound with decreasing volume, decline with increasing volume, bullish momentum insufficient

 

4. Intraday Strategy (for reference only, risk on your own)

- Range trading: $1,950–$2,000, buy low and sell high
- Shorting conditions: Rebound to $1,995–$2,025 encounters resistance, target $1,950→$1,930→$1,900; stop-loss at $2,040
- Long conditions: Rebound and stabilize at $1,910–$1,930, target $1,960→$1,990; stop-loss at $1,890
- Risk management: Break below $1,890 to turn short; break above $2,040 to chase long

 

5. Risk Warning

- Correlated with BTC trend, overall market weakness may drag ETH down
- Lunar New Year holiday liquidity is low, high risk of false breakouts and false signals
- $1,730 (200-week moving average) is a key bull-bear dividing line; breaking below signals trend reversal to bear market