Ethereum price Today – February 26 – Latest News, Breaking News, Top News Headlines

Ethereum has seen a strong pullback as far south as $ 1,420 as this level of support has been tested several times over the past few days. Cosmos held onto the $ 17 level at the time of writing, but had bearish momentum behind it. Finally, Vechain retraced much of his gains from the last few weeks.

Ethereum [ETH]

Source: ETH / USD on TradingView

Using the Fibonacci retracement tool for ETH’s move from $ 905 to $ 1877, some retracement levels were highlighted as areas of potential support. The bearish technical objective of the ascending channel (cyan) of $ 1700 was met and the bears were able to push the price down even more.

In the past few days, ETH has already successfully tested the $ 1,420 level twice – weakening that level as support. A fall below this level would mean a move to $ 1300.

The OBV showed a strong sales volume. While the Awesome oscillator also remained firmly in bearish territory. Trade volume also increased in the hours when the price fell, highlighting the strong bearish sentiment in the market.

Cosmos [ATOM]

Source: ATOM / USD on TradingView

Using the Fixed range volume profile, some areas of larger business activity were highlighted. These regions are usually the ones that pose resistance or support the price of the asset.

For ATOM, below the $ 17 level was the $ 14.9 support level. The volume profile indicator also highlighted that the $ 14.2-15 region was likely a demand region.

The RSI fell below 50 and noted a value of 36.6 on the 4-hour chart, indicating strong bearish momentum. Also in the near term, a session close below $ 17 should see ATOM take further losses.

VeChain [VET]

Source: EFP / USDT on TradingView

The Directional movement index showed the start of a strong downtrend just as the VET was about to drop below the top rectangle pattern (cyan). Since then, the ADX (yellow) has continued to rise to highlight further downtrend vigor. The MACD was also in bearish territory, giving a strong sell signal.

Use of the Fibonacci retracement has shown some levels of support for VET, with the 50% level at $ 0.038 coming under strong selling pressure. Losing this level will most likely lead to further losses in VET and move towards $ 0.0345 and $ 0.029.

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