Tag cryptocurrency trading trends

Ethereum Breaks Down: ETH Ends February 12 at $1,916, Trading 30% Below Key Moving Averages – 2026 02 12

A 3D scene of a ruined stone temple where a large, rusted, double-pyramidal Ethereum logo is suspended by heavy chains above a cracked pedestal, with shattered pillars and red falling price charts glowing along the circular ceiling.

Ethereum closed February 12th at $1,916 on Bybit, marking an 8.4% weekly decline and continuing its relentless multi-week downtrend. Price now trades 29% below the daily 50-period moving average and 34% under the weekly MA ribbon—a structural breakdown not seen since mid-2023. The technical picture is unambiguous: every moving average on every timeframe from 2-hour through weekly is acting as overhead resistance, confirming that this is not a correction within a bull market but a mature, accelerating bear phase.

Bitcoin Bounces into Short Zone as Macro Bear Cycle Tightens 2025 12 22

A dark, surreal crypto landscape shows a stone staircase of candlesticks rising through clouds toward a rocky cliff, where a glowing Bitcoin coin and “90k–93.5k” resistance level loom above collapsing “88k” and “83k” supports, with ghostly bulls and lurking bears.

The path ahead hinges on a handful of key levels. If 93-93.5k acts as true resistance and buyers exhaust here, the immediate support 88-88.5k becomes the battleground, with a break below opening the door to the 83k zone (weekly MA4 and a critical long-term support). Conversely, a sustained break above 94k with volume would force a reassessment and shift risk/reward against shorts. For now, the setup remains aligned with earlier calls: short bias, fade strength into the 90.5-93.5k band, and respect the larger bearish structure until proved otherwise.