📉 2026-02-23 ETH Technical Overview (Short-term Slightly Weak, Oscillating to Find Bottom)

Current Price: Approximately 1940 USDT (Intraday oscillation, weakening along with BTC)
Market Sentiment: Extreme fear, mainstream coins broadly declining, ETH relatively resilient

1. Key Price Levels (Core)

- Resistance: 1975–1990 (First strong resistance) → 2000–2015 (Market dividing line)
- Support: 1930–1940 (Secondary support) → 1900–1915 (Strong support / Lifeline) → 1850

2. Technical Patterns and Signals

- 4-hour timeframe: Moving averages in a bearish alignment, rebound with low volume, clear resistance
- Daily timeframe: High-level pullback, trend slightly bearish, no clear sign of bottoming yet
- Volume: Increasing during decline, decreasing during rebound, selling pressure remains
- Indicators: RSI 35.98 Neutral leaning bearish, not oversold, does not support bottom fishing

3. Short-term Strategy (For Reference Only, Not Investment Advice)

1. Focus on Shorting (Follow the trend, higher win rate)

- Entry: Rebound at 1975–1990 with resistance, short
- Stop Loss: Above 2015
- Take Profit: First target 1940; second target 1900; if broken, watch 1850

2. Oversold Rebound Play (Small Position, Quick Entry and Exit)

- Entry: Support at 1900–1915, stabilize, go long
- Stop Loss: Below 1890
- Take Profit: 1940–1975 (Exit at resistance, avoid holding too long)

4. Trading Discipline (Must Read)

- Do not over-leverage, do not bottom fish, do not hold large positions, strictly set stop losses
- Break below 1900, turn bearish immediately, no counter-trend longs
- Risk per trade controlled within 1%, ETH is highly volatile