📅 2026-02-13 ETH Technical Analysis (Midday Update)

Current Price: Approximately $1,920–1,940, bears dominate, oversold weak rebound, declining volume

📉 Daily Chart (Trend Assessment)

- Moving Averages: Price below 5/10/20/50-day moving averages, moving averages diverging downward, clear bearish trend
- RSI: About 32–34, approaching oversold, rebound needed but not reversed
- MACD: Below zero line, green bars narrowing, selling pressure weakening but not turning bullish
- Structure: Continuing Lower High/Lower Low, no clear sign of bottoming
- Volume: Decreasing volume during rebound, bullish momentum insufficient

⏱ 4-hour/Hourly Level (Short-term Rhythm)

- Bollinger Bands: Price near lower band, rebound constrained by middle band (around $1,960)
- 4-hour RSI: Turning upward from low levels, oversold rebound with limited strength
- Hourly Chart: Rebound encountering resistance, bears still in control

🎯 Key Price Levels (ETH/USD)

- Resistance (for short positions)
- First: $1,950–1,960 (short-term strong resistance)
- Second: $1,990–2,010 (core resistance zone)
- Strong Resistance: $2,030 (structure reversal point)
- Support (for long positions/defense)
- First: $1,900–1,910 (short-term strong support)
- Second: $1,880 (key defense level)
- Strong Support: $1,820 (flash crash low on February 6)

🧠 Today’s Strategy (February 13)

- Short-term (1–3 days): Oversold weak rebound, mainly shorting on high, light long positions as supplement
- Light short at $1,950–1,960, stop-loss at $1,980, target $1,920→$1,900
- Light long at $1,900–1,910 on pullback, stop-loss at $1,880, target $1,940→$1,960
- Break below $1,880 to short, target $1,850→$1,820
- Mid-term (1–2 weeks): Bearish trend unchanged, only a break above $2,030 could reverse the structure
- Risk management: small positions with stop-loss; tonight before CPI data, consider waiting or light positions

⚠️ Risk Warning

- Correlated with BTC weakness, selling pressure persists
- Oversold rebounds prone to repeated reversals, high risk in chasing rallies
- Breaking below $1,820 could open deeper correction space
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