**Time Range**: 2026-02-02 16:00:00 ~ 2026-02-11 04:00:00
**Data Nature**: Real-time Candlesticks
## Candlestick Pattern Deep Analysis
1. **Early chart shows bearish engulfing pattern around 2,394.57** - Strong bearish reversal signal - High strength signal
2. **Sharp bearish candle with long body around February 5th** - Significant selling pressure - Strong bearish signal
3. **Double bottom formation near 1,741.12 level** - Potential reversal zone - Strong bullish signal
4. **Bullish engulfing pattern after reaching the low point** - Buying momentum returning - Medium strength signal
5. **Recent consolidation with small-bodied candles around 2,014.25** - Market indecision - Weak signal
6. **Latest candle shows a small green body with upper shadow** - Weak buying attempt facing resistance - Medium bearish signal
## Technical Indicator Analysis
1. **EMA Analysis**:
- EMA7 (2,030.31) positioned above current price (2,014.25) - Short-term bearish pressure
- EMA9 (2,354.34) significantly higher than current price - Medium-term downtrend
- EMA25 (2,064.44) positioned above current price - Long-term bearish bias
- All EMAs trending downward - Confirms bearish market structure
2. **Price-EMA Relationship**:
- Price trading below all EMAs - Bearish confirmation
- Recent price action attempting to cross above EMA7 - Potential short-term relief rally
## Support and Resistance Levels
**Resistance Levels**:
- Immediate: 2,064 (EMA25)
- Medium-term: 2,150
- Strong: 2,350 (EMA9)
**Support Levels**:
- Immediate: 2,000
- Strong: 1,980
- Critical: 1,740 (recent double bottom)
## Comprehensive Technical Evaluation
The ETH-USDT pair has been in a clear downtrend since early February, dropping from around 2,394 to a low of 1,741. The recent price action shows an attempt to stabilize around the 2,000 level with a series of smaller candles indicating market indecision.
Volume appears to have decreased during the recent consolidation phase, suggesting diminishing selling pressure but insufficient buying interest. The overall trend remains bearish as evidenced by all EMAs trending downward and price trading below them.
## Conclusion
ETH-USDT is currently in a bearish trend with signs of potential short-term stabilization. Traders should consider:
1. **Short-term strategy**: Watch for a break above EMA7 (2,030) for potential short-term bullish opportunities, with tight stop losses below 2,000.
2. **Medium-term outlook**: Remain cautious as the broader trend remains bearish with all EMAs pointing downward.
3. **Risk management**: Place stops below the critical support at 1,740 if considering long positions.
4. **Watch for**: Increased volume on any breakout attempts would confirm trend direction.
Remember that cryptocurrency markets remain highly volatile, and this analysis represents only the current technical situation which can change rapidly. Always manage your risk accordingly when trading on Binance.