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Sell the Bounce Alert: ETH ~$1,976 with Bearish EMAs — Asian Wrap Confirms No Rebound, $1,500 in Play

ETHUSD trades below $2000 following the footsteps of BTC. It hits an high of $72174 on Feb 8th 2026, and is currently trading around $1976. Technicals CMP -$1976 Trend 4- Hour chart Value 55 EMA $2058 CMP < 55 EMA Bearis…

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Sell the Bounce Alert: ETH ~$1,976 with Bearish EMAs — Asian Wrap Confirms No Rebound, $1,500 in Play
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ETHUSD trades below $2000 following the footsteps of BTC.  It hits an high of $72174 on Feb 8th 2026, and is currently trading around $1976.

 

Technicals

CMP -$1976

Trend

4- Hour chart

Value

 

 

55 EMA

$2058

CMP < 55 EMA

Bearish

200- EMA

$2443

CMP < 200- EMA

Bearish

365- EMA

$2689

CMP < 365 EMA

Bearish

 

 

Major support- $1700/$1500. Minor bullishness only above $2200. Any violation above targets $2300/$2410.

 

Momentum indicator (1-hour chart)

Inference

Value

CCI(50)

Bearish

-71.84

ADX

Neutral

Strength -  21.29. Declined from 21.83

 

It is good to sell on rallies around $2068-70 with SL around $2200 for a TP of $1750/$1500.

 

 

 

 

 

 

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