2026-02-23 Ethereum Weekly Market Analysis: Approaching a consolidation phase, manage your positions well. The range is broad. Looking bullish in the future: the 4-hour midline must hold; cannot break 1960/1950. Currently trading based on the 4-hour chart. The daily has entered a sideways phase.

Future Bullish Outlook:
a: Depends on whether the 4, 6, 8-hour charts retest and hold the midline. On smaller timeframes, 15, 30, 1-hour charts switch back to bullish.
b: To be bullish, the 4-hour chart must form a bullish pattern, retest and hold the 4-hour midline at 1960/1950. Do not break below; enter long on a breakout above the 4-hour upper band at 2000. As soon as the price opens upward, avoid short positions.
c: A breakout above 1-hour 256 moving average directly signals a bullish wave. If it successfully breaks above the 2-hour 256 MA and surpasses 2050/2060, a new bullish cycle can form rapidly.
d: Bullish confirmation requires the 4-hour chart to be bullish and to stay above the 30-line, opening upward. The 3-4 hour charts need a second turn; 6, 8, 12-hour charts must form a secondary bullish pattern and stay above the 30-line.

Key Levels: 1990, 2000, 2050, 2080, 2100, 2130/2150, 2170, 2200/2250, 2300, 2330, 2350, 2380, 2420, 2460, 2500, 2550, 2630/2650, 2700, 2750, 2800, 2830

Breakout Signals:
Single: 1990 🉑 target 2000, 2030/2050 (daily midline and 2-hour 256 MA)
Double: 2050 🉑 target 2060, 2080, break above 2-hour 256 MA, daily midline, 2100, 2130/2150, 2190, 2200
Triple: 2080 🉑 target 2100, 2130, 2150, 2170/2200, 12-hour upper band opening
Four: 2200 🉑 target 2230/2250, 2280
Five: 2300 🉑 target 2330, 2350
Six: 2350 🉑 target 2380, 2400, 2450, 2480
Seven: 2500 🉑 target 2550, 2580, 2600, 2650, 2700, 2750

Future Bearish Outlook:
a: On smaller timeframes, a secondary death cross forms, breaking below the 30-line and the 4-hour midline, with the 2-hour opening downward.
b: Rebound fails to break 2050; 2080 can be shorted with stop-loss. Breaking above has serious consequences.
c: Watch below at 1950, the 2-hour lower band, and at 1930, the 4-hour lower band.

Key Levels: 1960, 1930, 1900, 1880, 1850, 1770, 1750, 1650, 1550, 1500, 1480, 1380, 1250

Breakdown Signals:
Single: 1950 🉑 target 1950, 1930, 6-hour lower band
Double: 1900 🉑 target 1840 (daily lower band)
Triple: 1830 🉑 target 1800, 1770
Quadruple: 1800 🉑 target 1740, 1680/1650, 1550, 1480, 1380, 1250, 1180

Support and resistance levels switch; trade lightly around key levels.