February 12, 2026 ETH Technical Analysis

1. Current Market Situation (February 12, 12:00)

- Price: Around $1,940 (24h decline of about 5%)
- Structure: Daily bearish trend, 4-hour weak consolidation, hourly oversold correction
- Correlation: Following BTC weakness, capital outflow, selling pressure prevails

2. Key Support/Resistance Levels (Precise Levels)

- Resistance (Short Position Zone)
- First Resistance: 1,980–2,000 (Strong intraday resistance)
- Second Resistance: 2,050–2,070 (Medium-term strong resistance)
- Stop-loss reference: Above 2,080
- Support (Long Position Zone)
- First Support: 1,900–1,920 (Intraday defense / dense buying)
- Second Support: 1,850–1,860 (Strong support / previous lows)
- Stop-loss reference: Below 1,880

3. Technical Indicators (Core Signals)

- Moving Averages: 5/10/20 in a bearish alignment, price under short-term MA
- MACD: Below zero line, negative values expanding, bearish momentum persists
- RSI: 30–35 range, oversold but no strong divergence, rebound momentum weak
- Volume: Decreasing volume on downtrend, rebound with low volume, insufficient buying
- Capital Flow: CVD negative, net capital outflow, dominated by bears

4. Intraday Strategy (February 12)

- Main Strategy: Focus on shorting during rebounds, small long positions for quick entries/exits
- Short (Priority)
- Entry: 1,980–2,000 under resistance
- Targets: 1,940 → 1,900 → 1,860
- Stop-loss: Above 2,020
- Long (Only oversold short-term longs)
- Entry: 1,900–1,920 with stabilization
- Targets: 1,970–1,980
- Stop-loss: Below 1,880
- Risk Management: Position size ≤10%, strict stop-loss, no holding through losses

5. Key Observations

- Break below 1,900 → opens downside space, target 1,850–1,860
- Hold above 2,000 → rebound continues, test 2,050–2,070
- Watch tonight’s US Initial Jobless Claims data at 21:30 for impact