The post ETH Technical Analysis Feb 28 appeared on BitcoinEthereumNews.com.

ETH market structure is currently showing a downtrend with LH/LL formation; a bullish reversal looks difficult without a break of structure (BOS) to higher levels while recent swing lows are holding. Market Structure Overview In the ETH/USD pair, the current market structure indicates a clear downtrend. While the price is trading at 1.924,51 USD and has recorded a slight %0,55 increase in the last 24 hours, the overall structure maintains its bearish character with LH (Lower Highs) and LL (Lower Lows) patterns. The price, continuing to stay below the short-term EMA20 (2.032,43 USD), is supported by the Supertrend indicator’s bearish signal, and the resistance level stands out at 2.286,73 USD. In multi-timeframe (MTF) analysis, a total of 11 strong levels were identified on 1D, 3D, and 1W charts: 1 support/2 resistance on 1D, 1 support/3 resistance on 3D, and 2 support/4 resistance on 1W, strengthening the overall bearish bias. This structure has given a Change of Character (CHoCH) signal by forming lower lows without breaking recent months’ higher highs; meaning the transition from uptrend to downtrend appears complete. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, Higher Highs (HH) and Higher Lows (HL) formation is required. Currently, no sustained break (BOS) above the last swing high at 2.063,45 USD has occurred in ETH; as long as the price remains below this level, HH formation is not possible. The positive histogram in the MACD indicator and the RSI value near oversold at 37,96 level may trigger a short-term HL bounce, but the trend change is not confirmed without breaking above the EMA20 resistance. The potential bullish scenario begins with the price breaking above the daily high of 1.947,00 USD and testing the psychological level at 2.000 USD for HH. Downtrend Risk The downtrend is strongly confirmed with LH/LL: While…

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Filed under: News - @ February 28, 2026 7:25 pm