ETH Market Analysis 2026.02.18 Since 2.6, ETH has rebounded from 1748 to 2152 before pulling back. Currently, the move down from 2152 looks more like a correction rather than a new downtrend, and this correction has been ongoing for nearly ten days. So, what’s next for ETH? At the moment, there are two possible scenarios for this correction: Blue Scenario: ETH undergoes a sideways correction with gradually narrowing volatility. This correction could end as early as this week, leading to a new rally that breaks above 2152. After completing this rebound, ETH would continue to decline. Red Scenario: ETH experiences a deeper pullback, creating a new low between 1747 and 1897 before starting to rise again. In this case, the subsequent rally for ETH would have limited upside, potentially slightly breaking 2152 or even failing to break 2152 before ending the rebound and resuming its downtrend. In summary, once ETH completes its current correction and rebounds, it will still continue to decline because the larger trend remains bearish.