📌 2026-02-17 ETH Technical Analysis (as of 10:50)
Current Price: $1,970 (oscillating weak, oversold rebound)
1. Trend and Structure
- Daily timeframe: Bearish dominance, oversold correction
- Moving averages are in a bearish alignment, price below 50-day MA (≈$2,300) and 200-day MA (≈$2,600)
- RSI (14): ≈29.7, deeply oversold, strong rebound demand
- MACD below zero line, green bars shrinking, weakening downward momentum
- 4-hour timeframe: Oscillating under pressure, clear resistance
- Short-term rebound encountering the $2,000 round number + 30-day moving average confluence suppre
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