📊 2026-02-20 ETH Technical Analysis (As of this morning)

Current Price: Around $1,950

1. Daily Chart (Mid-term Trend)

- Trend: Mid-term downtrend, price below 50-day moving average (2,200) and 200-day moving average (2,400), overall weak
- RSI: About 27, deeply oversold, accumulation of rebound momentum
- Support/Resistance
- Strong Support: 1,920–1,940 (recent lows + concentrated chips)
- Secondary Support: 1,880 (break below targets 1,840–1,850)
- Resistance: 1,980 → 2,000 → 2,030

2. 4-Hour/Short-term (Intraday Trading)

- Pattern: Low-level oscillation correction, slight rebound after oversold
- MACD: Golden cross turning red, short-term bullish momentum strengthening
- Key Range (Intraday)
- Support: 1,940 → 1,930
- Resistance: 1,980 → 2,000

3. Trading Recommendations (For Reference Only, Not Investment Advice)

- Bullish: Light long positions on pullback to 1,940–1,950, stop loss below 1,930, target 1,980–2,000
- Bearish: Consider short positions if rebound above 2,000 faces resistance, stop loss at 2,030, target 1,940
- Risk Management: If 1,930 breaks, short-term turns bearish, targeting 1,880

4. Key Conclusions

- Short-term: Oversold rebound + low-level oscillation, 1,930–2,000 is today's core trading zone
- Mid-term: Downtrend remains unchanged, only a break above 2,030+ can signal a reversal
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