#Ethereum #ETH #ETHUSDT Ethereum did not produce a major new all-time high in 2025, there is no need for a major bear market.
A bear market is a long-term correction, the market seeking balance.
Extraordinary growth can lead to an extraordinary bear market. Poor or lackluster growth can lead to a poor, weak or short-lived bear market.
Ethereum can behave in unexpected ways in 2026 in comparison to the rest of the market and specially Bitcoin.
Bitcoin behaved in unexpected ways in 2024 and 2025. Growth in 2024 was beyond normal while in 2025 it was below expectations. Market price dynamics changed wildly. In 2026, similar things can happen.
This Ethereum chart shows a long-term double-top; August 2025 vs November 2021. It also shows long-term higher lows; February 2026 vs April 2025 vs November 2022 vs June 2022. The lowest point came June 2022 with each succeeding low being higher than the previous one.
This chart here is tricky, it can be read in different ways. I will give you the bullish scenario only because...
Ethereum long-term
ETHUSDT weekly found support at EMA377, the same level that worked as support back in April 2025.
Last week, a wick pierced below this level but the session closed above it, much higher. So EMA377 has been confirmed as a long-term support.
When this same event happened back in April 2025, a strong bullish period followed.
The only reason to expect lower right now is due to past conditioning and/or preconceived ideas as to how the market should behave. If we go by the data, anything is possible and a bearish continuation is not mandatory, not on ETH.
It is possible that the bearish cycle is over for ETHUSDT, based on the data coming from this chart. Something similar I saw on SOLUSDT.
Remember, the market continues to grow and evolve which in turn produces strong variations on how each cycle unfolds.
Last week Ether produced the highest bearish volume session in more than three years. This is normally read as a bearish signal calling for lower prices long-term, but there is a problem. This same signal showed up in November 2022, the highest bearish volume ever on a weekly session, yet, this wasn't followed by lower prices, instead, it signaled the start of a bullish phase.
This is just one exchange. Others exchanges are not showing the highest volume ever, just a normal bearish week with either high, standard or even low volume. This is to say that the volume signal here can be taken as a reversal signal.
I looked at Trading View's ETHUSD index and the volume bar last week, early February 2026, was much lower compared to November and June 2022. This is big, we are going with the reversal scenario for this signal as this is what the data calls for. Not based on my own bias but rather the natural choice coming from a logical, left brain, analytical mind, no feelings involved. True scientific thinking.
Now, I am only interpreting the data coming from the chart; when it comes to price action and what actually happens, anything goes.
It is likely that Ethereum already hit bottom, and from this bottom we grow.
We are going higher next.
Namaste.
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$ETH