February 12, 2026 Morning Analysis

Yesterday, the market initially fluctuated and then declined, briefly dropping to around 1900 during the session, followed by a slight rebound, closing near 1946. Overall, it remained weak and volatile, with the 2050 level still acting as a short-term strong resistance.

The news sentiment is generally bearish: U.S. non-farm payroll data exceeded expectations, pushing back market expectations for Fed rate cuts, strengthening the dollar and putting pressure on the crypto market; additionally, Ethereum's recent large gains led some funds to take profits, resulting in short-term selling pressure and price suppression. However, there is also significant buy support below, with prices quickly bouncing back around 1900, indicating the market hasn't fully turned bearish.

From a technical perspective, the current range is around 1940-1950, with support at 1900-1920, an area of previous lows with strong buying interest; resistance is at the 2050 level, which has repeatedly capped rebounds. The 4-hour moving averages are trending downward, indicating a bearish dominance. Do not rush to buy until there's a clear volume breakout above 2050.

Trading suggestions: When the price rebounds to the 2020-2050 range, consider a small short position, with a stop-loss above 2055. Target 1940-1920, and if broken, look below 1900; if the price stabilizes after a dip to 1900-1920, consider a small long position with a stop-loss below 1880, targeting 1950-1970.

The current strategy is mainly to short on rebounds and buy on dips, strictly controlling position sizes and stop-losses, avoiding holding onto or chasing trades, prioritizing stability.

This is only personal advice for reference and does not constitute investment advice. Please follow Cheng Jingsheng's and Shi Pan's layout for specific strategies!$ETH ‌#eth