ETH Chart Breakdown: Bullish Momentum Building 🚀
Looking at the ETHUSDT perp chart on Binance (1H timeframe), we're seeing solid upward traction as of Feb 15, 2026. Price sits around $2,062, up roughly 1-2% in recent sessions (with some variance across sources), testing key resistance near $2,100. The candlesticks show a bullish reversal pattern: a series of higher lows and green candles recovering from recent dips below $2,040, pushing through the 50 EMA (~$2,050-2,060 area) and approaching the upper Bollinger Band. Volume has picked up notably, reflecting growing buyer interest above recent averages.
RSI is climbing but not yet overbought (around 60-65 range), and the MACD histogram is showing positive expansion with building momentum and no clear bearish divergence. Support looks solid at $2,038-2,040 (recent lows), reinforced by rising Parabolic SAR dots flipping bullish. If we break and hold above $2,100-2,107 cleanly, next targets include $2,150-2,200 (Fib extensions from the recent swing), with potential to push toward $2,300+ if the broader alt momentum continues into EOW. Keep an eye on any pullback to $2,050 if profit-taking hits, but the overall setup leans strongly long-biased right now. ETH market cap holding firm in the ~$248-250B range, with alts showing correlated strength.
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