Ethereum, having found respite near the sum of one thousand nine hundred and twenty, has since endeavored to recover its losses. The noble ETH now consolidates its position, though it faces trials at the lofty mark of two thousand and twenty.
- Ethereum attempts a gallant resurgence above one thousand nine hundred and sixty-five, though one might question the courage of such a venture.
- The price languishes below two thousand and the 100-hourly Simple Moving Average, a state of affairs most unbecoming.
- A bullish trend line, with support at one thousand nine hundred and fifty-five, graces the hourly chart of ETH/USD (data via Kraken), though its success remains dubious.
- Should the price linger below the two thousand and twenty threshold, a fresh decline seems inevitable, much like a poorly timed ballroom mishap.
Ethereum, having faltered in its ascent beyond two thousand and twenty, now mirrors Bitcoin’s plight. The price descended below one thousand nine hundred and sixty-five and one thousand nine hundred and fifty, plunging into a bearish abyss. One might almost pity the bulls.
At last, the bulls stirred near one thousand nine hundred and twenty-five, forming a low at one thousand nine hundred and twenty-eight. A recovery wave ensued, breaching the one thousand nine hundred and sixty-five resistance. Alas, it merely tested the 50% Fib retracement of a descent from the two thousand one hundred high to the one thousand nine hundred and twenty-eight low-a feat of modest triumph.
Ethereum now lingers below two thousand and the 100-hourly SMA, while a bullish trend line, anchored at one thousand nine hundred and fifty-five, offers faint hope. Should the bulls persist above this mark, perhaps another ascent might be attempted. Immediate resistance lies near two thousand and fifteen, though the true test awaits at two thousand and thirty-five or the 61.8% Fib level.
The next bastion of resistance resides at two thousand and sixty. Should this be breached, the price may approach two thousand and one hundred, and beyond, toward two thousand one hundred and fifty or even two thousand one hundred and eighty-five-a journey as uncertain as a maiden’s first waltz.
If Ethereum cannot conquer two thousand and fifteen, a fresh decline is all but assured. Initial support dwells near one thousand nine hundred and sixty-five, though the true trial lies at one thousand nine hundred and fifty-five or the trend line. A collapse below this mark may send the price tumbling toward one thousand nine hundred and twenty, and further, toward one thousand eight hundred and eighty, with one thousand eight hundred and twenty-five as its final refuge.
Technical Indicators
Hourly MACD – The Moving Average Convergence Divergence, a most intriguing dance of numbers, now waltzes in the bullish domain.
Hourly RSI – The Relative Strength Index, once languishing, now dances merrily above the fifty mark.
Major Support Level – One thousand nine hundred and twenty
Major Resistance Level – Two thousand and fifteen
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2026-02-18 06:22