Ethereum continues to struggle to reclaim the coveted $2,000 psychological level, as each attempt to do so results in a subsequent rejection and correction.<\/p>\n
Popular analyst Ali Martinez weighed in on the asset\u2019s recent performance and explained that it\u2019s forming a bullish flag. However, there\u2019s a major catch in his post, which could actually mean trouble ahead for ETH.<\/p>\n
Ethereum $ETH<\/a> is forming a bullish flag!<\/p>\n There\u2019s just one twist\u2026 The chart is inverted. pic.twitter.com\/Kb8eamJOMF<\/a><\/p>\n \u2014 Ali Charts (@alicharts) February 20, 2026<\/a><\/p>\n\n The \u201cinverted\u201d bullish flag shows that ETH has actually been in a consistent downtrend for weeks, but it has managed to compress within a tighter range more recently. Martinez believes a bigger move is in the making, but it could push the asset to new local lows of under $1,400.<\/p>\n Daan Crypto Trades also brought up ETH\u2019s underwhelming performance as of late, indicating that the start of 2026 has been worse than how it moved in early 2025.<\/p>\n The analyst outlined hopes that the largest altcoin could finally rebound in the following few months, since the March-to-May period is historically more beneficial for it.<\/p>\n $ETH<\/a> Has started the year of worse than last year so far. Historically, March through May are good months for ETH.<\/p>\n But we know how the market is all over the place recently and that there\u2019s been pretty much zero correlation with other risk assets.<\/p>\n This makes for an awful\u2026 pic.twitter.com\/CBAfLTduHx<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) February 21, 2026<\/a><\/p>\n\n Another unfavorable development within the Ethereum investor ecosystem is the net flows within the spot ETH ETFs. Last week was in the red once again, with roughly $113 million leaving the funds.<\/p>\n On the opposite side, BitMine continues to accumulate. The Tom Lee-chaired company bought<\/a> another 45,759 ETH last week, and now holds 4,371,497 tokens, valued at almost $8.7 billion. The company is down $8 billion on its Ethereum position, given its average entry cost of $3,820.<\/p>\n The post Ethereum (ETH) Forms a Bullish Flag, But There\u2019s a Major Catch: Analyst<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum continues to struggle to reclaim the coveted $2,000 psychological level, as each attempt to do so results in a subsequent rejection and correction. Popular analyst Ali Martinez weighed in on the asset\u2019s recent performance and explained that it\u2019s forming a bullish flag. However, there\u2019s a major catch in his post, which could actually mean […]<\/p>\n","protected":false},"author":0,"featured_media":137062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-137061","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\/137061"}],"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=137061"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/137061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/137062"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=137061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=137061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=137061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}