Jakarta, Pintu Information – The value of Ethereum rose by about 1% and stayed round $2,000 on February 17. Nonetheless, this isn’t the primary time ETH has tried to bounce again. Within the final 10 days (between February 6 and February 15), Ethereum made three rebound makes an attempt. Every of them confirmed robust indicators at the start, however finally did not proceed rising.
Now, the chart explains why every of these makes an attempt failed. The information additionally exhibits what wants to vary for the Ethereum price outlook to lastly flip bullish. So, how will Ethereum value transfer as we speak?
Ethereum Worth Up 0.14% in 24 Hours
Ethereum held regular on February 18, 2026, edging up simply 0.14% to commerce round $1,986 (roughly IDR 33.46 million). All through the session, the asset noticed some volatility, fluctuating between a low of IDR 32.73 million and a excessive of IDR 33.88 million.
Regardless of the modest value motion, buying and selling exercise heated up; day by day quantity climbed 9% to IDR 349.49 trillion, supporting a complete market capitalization of roughly IDR 4,031 trillion.
Learn additionally: Bitcoin Slips to $67,000 as Long-Term Holders Stand Firm
Ascending Triangle Exhibits Recovery Effort, however Resistance is Nonetheless Robust
Ethereum value shaped an ascending triangle sample since early February. This sample often seems when patrons slowly push the worth up, whereas sellers proceed to defend the identical resistance zone.
The rising development line suggests patrons are stepping in sooner each time there’s a dip. Nonetheless, the resistance areas round $2,000 and $2,120 stay profitable in stopping any rebound makes an attempt thus far.
There have been three pretty clear bounce makes an attempt. On February 6, Ethereum’s value surged 23% however was held again and failed to interrupt round $2,120. On February 12, the worth rose 11% however once more failed under resistance. Then on February 15, the worth rallied 7% however finally stagnated under $2,000 once more. Which means that whereas patrons are at all times again, they haven’t been in a position to make a convincing breakout.
One indicator that helps the restoration effort is the Chaikin Cash Flow (CMF). CMF measures the shopping for and promoting exercise of massive buyers by combining value and quantity information. If the CMF strikes above zero, it signifies that purchasing strain is extra dominant than promoting strain.
Ethereum’s CMF broke by the zero degree on February 15 (through the third rebound) and continues to be within the constructive space round 0.05. This means that enormous buyers are beginning to purchase once more. Nonetheless, the shopping for energy has been comparatively restricted thus far.
This raises an necessary query: if patrons are returning, why does Ethereum value proceed to fail to rise additional? The reply shall be clearer if we glance at the actions of whales and long-term holders.
Whale and Lengthy-Time period Holder Gross sales Improve
Throughout a interval when the Ethereum value was attempting to recuperate, massive buyers have been seen lowering publicity. Wallets holding massive quantities of ETH – also known as whales – decreased their holdings from 113.92 million ETH to 113.66 million ETH. That’s a discount of about 260,000 ETH, equal to roughly $500 million.
Learn additionally: 8 Crypto Presales in the Spotlight in February 2026, What Makes Them Stand Out?
This discovering means that whales are promoting off because the restoration effort progresses, as a substitute of serving to to push costs up.
One other necessary indicator additionally corroborates the development, the Hodler Web Place Change, which screens whether or not long-term buyers are including belongings or promoting. When the quantity is unfavorable, it signifies that long-term holders are distributing (promoting).
On Ethereum, the Holder Web Place Change remained within the unfavorable zone between February 3 and February 16 (rebound section). In reality, promoting strain elevated from -13,677 ETH to -18,411 ETH, a rise of about 34%.
The timing of this is essential, as each rebound try occurs precisely in the identical interval when the sell-off will increase.
That is the rationale why Ethereum value is discovering it troublesome to maintain a restoration. Regardless of new patrons coming in, whales and long-term holders are exiting positions. Nonetheless, there are nonetheless different elements that make the $2,000 and $2,120 ranges troublesome to interrupt.
Price Foundation Knowledge Explains Why Ethereum Worth Retains Failing Round $2,000
The associated fee foundation information exhibits at what degree buyers initially purchased Ethereum. When the worth returns to that space, this degree usually turns into resistance, as many individuals are inclined to promote when “turning capital”.
The biggest value foundation cluster is at the moment within the vary of $1,995-$2,015. Greater than 1.01 million ETH have been purchased on this vary. Consequently, there was robust promoting strain.
When the Ethereum value touched that space once more, many buyers selected to promote to safe their preliminary capital. This elevated the provision out there and made it troublesome for the worth to climb additional. This sample is in keeping with the three earlier failed rebounds.
Every rebound try stopped proper near (or barely above) the identical value foundation zone. This confirms that for the restoration to be stronger, Ethereum value wants to interrupt this degree cleanly. In the intervening time, ETH continues to be caught between assist and resistance.
The instant resistance ranges are $2,000 (a very powerful proper now) and $2,120, as mentioned earlier. Utilizing a extra detailed technical projection, if Ethereum is ready to break the $2,120-$2,140 zone, the subsequent upside targets might be $2,210 and $2,300.
Conversely, if the worth fails to interrupt the resistance once more, ETH’s motion might doubtlessly go sideways for longer. Assist continues to be round $1,895, and a drop under this degree might derail the restoration try supported by the uptrend line.
The chart does present a restoration try, and the CMF confirms patrons are beginning to return. Nonetheless, the sell-off from whales, long-term holders, and powerful resistance from the associated fee foundation are nonetheless the principle obstacles to the rally.
As such, Ethereum’s value projection now largely will depend on whether or not patrons are in a position to take in the promoting strain and finally break the resistance.
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