February 12, 2026 ETH Technical Analysis and Strategy

1. Current Market Situation (February 12, 12:20)

- Price: Around $1,940 (24h decline of about 4.0%)
- Structure: Daily bearish trend, 4-hour weak consolidation, hourly oversold correction
- Correlation: Following BTC's lead downward, selling pressure evident, net capital outflow

2. Key Support/Resistance (Precise Levels)

- Resistance (Short Position Zone)
- First Resistance: 1,980–2,000 (Strong intraday resistance)
- Second Resistance: 2,020–2,050 (Medium-term strong resistance)
- Stop-loss reference: Above 2,055
- Support (Long Position Zone)
- First Support: 1,900–1,920 (Intraday defense/Heavy buying area)
- Second Support: 1,850–1,860 (Strong support/Previous low)
- Stop-loss reference: Below 1,880

3. Technical Indicators (Core Signals)

- Moving Averages: 5/10/20 in 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 decline, no volume on rebound, insufficient buying
- Capital Flow: CVD negative, net capital outflow, dominated by bears

4. Intraday Strategy (February 12)

- Main Strategy: Focus on shorting rebounds, small long positions for quick trades
- Short (Priority)
- Entry: 1,980–2,000 resistance
- Targets: 1,940 → 1,920 → 1,860
- Stop-loss: Above 2,010
- Long (Only for oversold short-term longs)
- Entry: Stabilization at 1,900–1,920
- 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, testing 2,020–2,050
- Watch tonight’s US Initial Jobless Claims data at 21:30 for market impact