{"id":136115,"date":"2026-02-17T23:30:04","date_gmt":"2026-02-17T23:30:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=136115"},"modified":"2026-02-17T23:30:04","modified_gmt":"2026-02-17T23:30:04","slug":"ethereums-bounce-still-lacks-conviction-downside-risk-remains","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=136115","title":{"rendered":"Ethereum\u2019s Bounce Still Lacks Conviction \u2014 Downside Risk Remains"},"content":{"rendered":"

Ethereum is attempting to rebound after recent selling pressure, but the recovery so far lacks the strength needed to confirm a lasting bottom. With momentum appearing corrective rather than impulsive and key resistance<\/a> levels still intact, downside risk remains on the table unless buyers can deliver a decisive structural shift.<\/p>\n

No Impulsive Break, No Bullish Confirmation<\/strong><\/h2>\n

According to<\/a> a recent Ethereum<\/a> update by More Crypto Online, the downside scenario remains valid unless price delivers a clear impulsive five-wave advance or decisively breaks above the weekend high. The bounce from last week\u2019s low currently appears corrective rather than impulsive.\u00a0<\/p>\n

Momentum<\/a> has been limited, and the structure does not yet suggest that a sustainable bottom has formed. So far, there is no clear technical evidence that a durable reversal is underway.<\/p>\n

However, Ethereum is trading within a technically significant zone. Following the recent liquidation<\/a> flush, markets have become more reactive, making it important to stay alert for potential reversal signals that could shift the short-term outlook.<\/p>\n

For now, confirmation is still lacking. Until a stronger structural shift appears, close monitoring of the lower-timeframe micro structure<\/a> remains essential to determine whether Ethereum builds strength or resumes its downward trajectory.<\/p>\n

Ethereum Attempts Recovery After Sunday Selloff<\/strong><\/h2>\n

Ethereum is attempting to stabilize after the sharp Sunday selloff, showing early signs of recovery. In his latest analysis, Lennaert Snyder noted<\/a> that, similar to Bitcoin, ETH printed relatively weak weekend extremes around $1,929 on the low and $2,107 on the high. These levels now serve as key liquidity reference points for the week ahead.<\/p>\n

Snyder\u2019s broader plan anticipates a push toward higher prices, but he prefers to see nearby liquidity pools mitigated before considering quality long positions. With the higher-timeframe trend still pointing downward, short setups remain valid if the right structure presents itself.\u00a0<\/p>\n

For long entries, he wants to see a sweep of the $1,946 and\/or $1,929 lows, as both represent weak pivots, ideally including a full sweep of the weekend low. Such a move could provide the liquidity grab needed for a high-probability reversal back toward the weekend high. However, if price rallies directly from current levels and leaves those lows untouched, he would instead look for short opportunities following a market<\/a> structure break (MSB) near the $2,107 high.<\/p>\n

Additionally, H1 liquidity sits around $2,015, offering potential scalp setups depending on whether the price gains acceptance above it or rejects it sharply. Longs would be considered on a clean reclaim, while failure after a sweep could favor shorts. With it being a bank holiday, no trades are being placed today, and the outlined plan remains intact unless price action invalidates it.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum is attempting to rebound after recent selling pressure, but the recovery so far lacks the strength needed to confirm a lasting bottom. With momentum appearing corrective rather than impulsive and key resistance levels still intact, downside risk remains on the table unless buyers can deliver a decisive structural shift. No Impulsive Break, No Bullish […]<\/p>\n","protected":false},"author":0,"featured_media":136116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-136115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/136115"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=136115"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/136115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/136116"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}