ETH falls below 1950, rebound weak, probability of second bottom increasing

MidnightGenesis · 2026-02-22T13:11:41+00:00

Ethereum ETH's current trend is consistent with Bitcoin but with weaker rebound strength. The price continues to decline within the downward channel, dominated by bears. The key resistance level is at $2000-2100, with support levels at $1900 and $1750. It is recommended to wait patiently for confirmation signals and avoid buying at high levels, as the market has not yet entered a strong bullish environment.

MidnightGenesis

2026-02-22 13:11:41

Abstract generation in progress

Ethereum ETH currently shows a consistent downward trend on the 4-hour chart aligned with Bitcoin, but the rebound strength is noticeably weaker. The price continues to decline within a descending channel, with all moving averages aligned downward, indicating that the technical outlook is firmly in bearish control. The MACD indicator has already formed a death cross and continues to weaken, with the price staying close to the lower band, reflecting a slow decline rather than panic selling. This structural characteristic suggests the market is still digesting downside pressure.

Technicals remain under pressure, key levels become focal points for trading battles

Currently, ETH faces resistance around the $2000–$2100 range, with the $2300 level acting as a strong resistance due to trendline MA pressure, making short-term breakthroughs difficult. Support levels are at $1900 and $1750 (previous lows). The $1950 level lies between two critical supports and serves as an important reference point to see if a rebound can stabilize. From a medium-term perspective, the bearish trend remains dominant, and signs of failed short-term rebounds are increasingly evident, indicating the market is preparing for a second bottom.

Trading strategy: patiently wait for confirmation signals, avoid chasing high positions

Long (buy) approach requires more patience. It is recommended to wait until BTC reclaims above $72,000 and ETH breaks above $2,100, with moving averages beginning to flatten or turn upward. Only when these conditions are met should a safer long opportunity be considered. Prematurely chasing longs risks getting caught in mid-move.

Short (sell) approach follows pure structural logic: only when a rebound reaches the moving average resistance zone with increased volume and forms a top divergence should a valid short entry be considered. It is not advisable to chase shorts at low levels before the structure confirms completion.

The current market environment is not strongly bullish; close attention should be paid to the $1950 and $1900 levels—these are critical points for determining whether a second bottom is underway.

ETH-0,61%

BTC-0,39%

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