Ethereum After falling sharply at the beginning of the month, the price remained within a narrow band around the $2,000 level and was trading around $1,977 on the daily Binance ETHUSDT perpetual chart on February 17th.
Ethereum holds $1,800-$2,100 band near $2,000
said market watcher Daan Crypto Trades. $ETH According to X’s post, the price has been “hanging around this $2,000 range” but has remained “within this $1.8,000 to $2.1k range” with no clear short-term breakout.
Ethereum/Tether US Perpetual Chart. sauce: Daan cryptocurrency trading takes place in X
In the chart shared by TradingView, the marked range is between a low of about $1,800 and a high of $2,118, with the price flattening out after a sharp decline from the low $3,000s. The latest candles showed $ETH It fell about 1% on the day after trading between about $1,963 and $2,008.
The trader set alerts at $1,800 and $2,100 and plans to only react if the price reaches either level, setting both zones as near-term decision points for the next move, the post said.
Ethereum forms an ascending triangle on the 4-hour chart
According to technical analysis shared by Cryptomist X, Ethereum has formed a tightening structure on the 4-hour chart of Binance ETHUSDT as the price compresses between rising support and flat resistance lines.
Ethereum/Tether US 4-hour chart. sauce: Cryptographer of X
The chart shows that repeat declines cap out around the same horizontal level, while the lows are rising along the uptrend line. This structure outlines an ascending triangle, a pattern that often appears during consolidation stages after strong directional movements.
The cryptomist said this setup signals a potential upside resolution if the price sustains above significant resistance. The analyst set an initial target near $2,090, but based on the measured movement of the triangle range, the broader breakout prediction from the pattern remained near $2,350.
The same chart also shows a recent rebound from rising support, followed by tighter candlesticks near the top of the pattern. As a result, the market remains compressed within the structure and the short-term direction depends on whether the price clears the resistance or returns to test trend support again.
