Thursday, February 19 Market Analysis

The daily chart shows a clear downward trend recently, with large bearish candles on February 15 and February 18, indicating heavy selling pressure and dominance of the bears.
The 1-hour chart indicates that after a volume-driven decline, the price is currently finding short-term support around 1923.78 and making a slight rebound, but the rebound momentum is weak, and it has not effectively broken through the resistance above.
The previous wave high points at 2010 and 2039 form a strong resistance zone above, while the previous wave low at 1923 serves as a key support below.
MACD: On the 1-hour chart, the MACD DIF and DEA are both below the zero line, with the DIF below the DEA. The MACD histogram is negative and continues to expand, showing a strong bearish trend with no signs of reversal in the short term.
RSI: The 1-hour RSI(14) value is 41.29. It previously touched the oversold area and rebounded, but remains below 50, indicating the overall market is weak, with insufficient rebound momentum and no trend reversal yet.
EMA: The 1-hour price is below the EMA7, EMA30, and EMA120 lines, with all moving averages in a bearish alignment (EMA7 < EMA30 < EMA120), indicating short-term, medium-term, and long-term downtrends. EMA30 (1973.88) and EMA120 (1993.51) form important resistance levels above.
ETH Trading Suggestions: Short around 2000, add positions at 2050, with take profits at 1960-1930-1890. Stop loss at 2100.
For long positions: consider entering around 1920, add at 1880, with take profits at 1960-2000, and stop loss at 1880.