📊 2026-02-18 ETH Technical Analysis (As of midday trading)

Current Price: approximately $1,990–2,000, intraday +0.5%~+1.0%, weekly -7%, year-to-date -28%.
Qualitative: Oversold with weak rebound, dominated by bears, mainly high-altitude trading.



🔍 Core Technicals

1. Trend and Moving Averages (Bearish)

- Daily: EMA20≈$2,180, EMA50≈$2,450, price significantly below, bearish alignment.
- Weekly: 200-week moving average≈**$1,820–1,850**, strong medium-term support.
- Conclusion: Short-term/medium-term trend remains bearish.

2. Oscillators (Oversold Rebound)

- RSI(14): Daily≈34–36, close to oversold, needs a rebound but no reversal signal.
- MACD: Below zero line, bearish structure, no golden cross, selling pressure persists.
- ATR: Volatility relatively high, beware of sharp drops/rises.

3. Key Price Levels (Precise)

- Strong Resistance: $2,000 (psychological level) → $2,030 → $2,050 → $2,180 (EMA20).
- Support: $1,965 (intraday strong support) → $1,930 → $1,900 → $1,820–1,850 (200-week moving average).

4. Volume and Sentiment

- Trading Volume: Decreasing during rebound, bullish momentum insufficient.
- Fear & Greed Index: 9 (Extreme Fear), retail investors panicking, institutions watching.
- Derivatives: Significant short liquidation pressure above, rebounds likely encounter resistance.



🎯 Trading Strategy (Short-term)

- Main idea: Focus on high-altitude shorting during rebounds, light long positions for quick entries and exits.
- Short: Attempt short at $2,030–2,050 rebound zone, stop loss $2,080, targets $1,965 → $1,930 → $1,900.
- Long: Only stabilize below $1,930, small positions for quick longs, stop loss $1,900, targets $1,980 → $2,000.
- Risk Control: Strict stop-loss, avoid bottom fishing, do not hold oversized positions.



⚠️ Risk Reminder

- Breaking below $1,930 could accelerate decline to $1,900 → $1,820–1,850.
- Only a break above $2,080 might reverse the short-term bearish structure.
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