ETH Technical Analysis Feb 27

Ethereum price is approaching a critical support region at the $1,920 level, with the short-term downtrend maintaining dominance. It traded in the $1,907-$2,063 range with a 24-hour loss of 5.19%, and RSI at 38.71 is signaling near oversold conditions.

Current Price Position and Critical Levels

Ethereum is positioned within a clear downtrend in the overall market structure. On the daily chart, the price trading below EMA20 ($2,045) is supported by the Supertrend indicator’s bearish signal, with resistance identified at $2,388. Among the 13 strong levels detected across 1D, 3D, and 1W timeframes, 1 support (1D/3D/1W confluence) and 10 resistances stand out. Although the price hit a low of $1,907 in the last 24 hours and showed signs of recovery, volume remained limited at 15.68 billion$, and bearish momentum dominates. This position indicates that buyers may seek liquidity around $1,864, but a breakdown could lead to a $1,000 target.

Support Levels: Buyer Pools

Primary Support

The most critical support level is $1,863.99 (score: 63/100), showing strong confluence on 1D and 3D timeframes. This level is a demand zone tested after the sharp drop in October 2025, where it was rejected with a high-volume buying reaction (approximately 20B$ volume spike). It also aligns with the Fibonacci 0.618 retracement on the 1W chart and contains an order block structure – an area where large players gathered liquidity for stop hunts. If price reaches here, strong buying pressure is expected; it has been tested 3 times in the past, leading to 8-12% recoveries. Invalidations below $1,850; a break here confirms the bearish structure and targets $1,700.

Secondary Support and Stop Levels

Secondary supports include the $1,800-$1,750 range (1W demand zone) and downside target $1,000. $1,800$ is a liquidity pool with confluence to EMA50 ($1,820$) on the weekly chart; short position stops are clustered here (estimated 500M$ liquidity). A drop below $1,863$ as a stop level would trigger a liquidity sweep of longs and risk a slide to the $1,500 psychological support. These levels, supported by low RSI (38.71), offer potential for a V-shape recovery, but BTC correlation will play a critical role.

Resistance Levels: Seller Pools

Near-Term Resistances

The first near-term resistance is $1,941.56 (score: 65/100), the upper band of the last 24-hour range and a strong selling zone approaching EMA20 ($2,045$). This level functions as a breaker block on the 1D chart – rejected after liquidity grab during the early February drop, with a 4% pullback on volume. If price reaches here, short sellers’ take-profits and new sell orders activate; tested and rejected twice, a breakout requires high volume.

Main Resistance and Targets

Main resistances are $2,021.62 (score: 61/100) and $2,150.47 (score: 60/100); these have supply zone confluence on the 3D chart and align with the $2,000 upside target. $2,021$ is reinforced by Fibonacci 0.382 extension and previous swing high; large sell orders (estimated 1B$ wall) are expected here. $2,150$ is the 1W resistance and final barrier before Supertrend resistance – BTC above 66K is required for a breakout. The R/R ratio between these levels is around 1:3; invalidation on a close above $2,021$ could enable a bullish flip.

Liquidity Map and Big Players

The liquidity map shows long stop clusters below $1,863$ (approximately 800M$ liquidity) and short stops above $1,941$ – big players (whales) are likely planning a sweep at $1,864$ followed by upward manipulation. Order blocks in the $1,920-$1,940 range have created bearish imbalance; according to volume profile, the high node region around $1,900$ – if held, buyers enter. Fair value gaps between $1,850-$1,870 and $2,000-$2,050 contain imbalances. Big players are targeting ETH liquidity amid BTC downtrend; check detailed data in ETH Spot Analysis and ETH Futures Analysis.

Bitcoin Correlation

ETH moves in 0.92% correlation with BTC; BTC’s $65,366 level and 3.55% drop are pressuring ETH. BTC supports at $64,399$, $62,467$, and $60,000$ are critical – if ETH fails to hold $1,863$, BTC below 62K pushes ETH to $1,700$. BTC resistances at $66,299$, $68,040$, and $69,680$; with BTC Supertrend bearish, ETH altcoin rally remains limited. BTC breakout above 66K opens the path to $2,021$ for ETH; rising dominance is against ETH.

Trading Plan and Level-Based Strategy

Level-based outlook: Hold above $1,863$ for long bias targeting $1,941-$2,021 (R/R 1:2.5); short on breakdown to $1,750$. Multi-timeframe confirmation required – monitor 1D closes. Volume increase and RSI divergence are bullish signals; EMA20 break enables $2,150$. This is a general market view and not investment advice – follow levels on Spot or Futures platforms. Risk management: Place stop-losses at invalidation levels, limit position size to 1-2% risk.