Quick Analysis of Bitcoin and Ethereum Prices (February 16, 2026)
#Bitcoin (BTC)
Bitcoin is currently trading at around **$68,300**, after failing to stabilize above the $70,000 resistance over the weekend. The price remains trapped in a sideways range between $65,700 and $72,000 in recent days, signaling a slowdown and a wait-and-see mode in the market.
On the positive side, the RSI indicators suggest a move out of oversold territory, which could pave the way for a new recovery attempt. The key support level to watch is currently the **$60,000** zone; a break below this could open the door for further declines toward $55,000. Meanwhile, the $69,500 and $71,700 levels represent the first resistance targets.
#Ethereum (ETH)
Ethereum is facing stronger selling pressure, currently trading at **$1,960** after breaking below the critical $2,000 support level. The asset is trading within a short-term descending channel, with a "Bearish Pennant" pattern forming on the longer-term charts, warning of a potential continuation of the downtrend.
If selling pressure persists, the next support levels are at $1,880**, followed by **$1,820. To regain confidence, Ethereum needs to climb back above $2,000** and then **$2,075. The MAC
D indicator remains in negative territory, reflecting a lack of buying momentum so far.
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