Ethereum (ETH) remains in a bearish downtrend after breaking below the $2,200 support. Currently, it’s consolidating within a symmetrical triangle, signaling indecision. A breakout from this pattern, supported by strong volume, will determine the next direction. A breakdown could trigger further declines, while reclaiming $2,200 might signal a bullish reversal, but is unlikely. ETH is trading below key EMAs, reinforcing the bearish outlook. Currently trading at $1,997, the overall trend remains bearish, with traders awaiting a decisive move from the triangle formation. Key support levels are at $1,500 and $1,800; resistance at $2,200 and $2,800.
Ethereum Technical Analysis Report | 17th February 2026
