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<\/p>\n
\n\t\t\t\t\t\t\t\t\tIs ETH finally going to rebound decisively, or will there be another crash to new lows. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
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
\nEthereum $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<\/blockquote>\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 $1,400.<\/p>\n
Daan Crypto Trades also brought up ETH\u2019s underwhelming performance as of late, indicating that the start of 2026 has been worse than how it moved in early 2025.<\/p>\n
The analyst outlined hopes that the largest altcoin could finally rebound in the following few months, since the March-to-May period is historically more beneficial for it.<\/p>\n
\n$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<\/blockquote>\n
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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
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