{"id":94464,"date":"2026-02-19T15:55:26","date_gmt":"2026-02-19T12:55:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94464"},"modified":"2026-02-19T16:00:18","modified_gmt":"2026-02-19T13:00:18","slug":"ethereum-chart-reveals-bearish-pennant-targeting-1100","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-chart-reveals-bearish-pennant-targeting-1100\/","title":{"rendered":"Ethereum Chart Reveals &#8216;Bearish Pennant&#8217; Targeting $1100"},"content":{"rendered":"<p>The daily chart of Ethereum has formed a &#8216;Bearish Pennant&#8217;\u2014a pattern indicating the likelihood of a significant downward price movement.<\/p>\n<p><!--more--><\/p>\n<p>The deterioration of the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-technical-analysis\">technical picture<\/a> amid declining on-chain activity suggests a potential continuation of the downtrend. In this scenario, the price of the largest altcoin risks falling to $1100.<\/p>\n<p>This chart pattern emerges when, after a sharp drop, the price consolidates within an ascending triangle.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-9f2fbc04612ba366-6721598858861827.webp\" alt=\"ETH1\" class=\"wp-image-275426\"\/><figcaption class=\"wp-element-caption\">Daily ETH\/USD chart on Bitstamp. Source: <a href=\"https:\/\/www.tradingview.com\/x\/ORKhgp1P\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The pattern will be confirmed if the price breaks the lower boundary around $1950 on high volumes. In this case, the asset could fall by the magnitude of the previous decline\u2014down to $1100 (a 43% drop from current levels).<\/p>\n<p>According to crypto analyst Crypto Patel, to negate this scenario, the price must hold above the support level at $1800.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> Broke My Heart Twice<\/p>\n<p>First Dagger \u2192 Bull Flag lost &#038; BreakDown $3,700 Level.<br \/>Second Dagger \u2192 Ascending Triangle failed and Broken $3,000 Support<\/p>\n<p>Now Trading Between $2000-$1850<\/p>\n<p>Watching These Levels Closely:<br \/>Hold $1,800 \u2192 Relief Bounce Toward $2,650<br \/>Lose $1,800 \u2192\u2026 <a href=\"https:\/\/t.co\/rpAYK2yyNa\">pic.twitter.com\/rpAYK2yyNa<\/a><\/p>\n<p>\u2014 Crypto Patel (@CryptoPatel) <a href=\"https:\/\/twitter.com\/CryptoPatel\/status\/2023343849138208847?ref_src=twsrc%5Etfw\">February 16, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\">Decline in On-Chain Activity<\/h2>\n<p>The drop in Ethereum&#8217;s network activity also pressures the asset&#8217;s price. On February 18, the daily transaction volume was 1.95 million\u2014about 33% less than the 2.89 million recorded on February 7.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-113e6d09c9cd66c2-6721669289231582.webp\" alt=\"tx_count\" class=\"wp-image-275427\"\/><figcaption class=\"wp-element-caption\">Dynamics of daily transaction volume in the Ethereum network. Source: <a href=\"https:\/\/etherscan.io\/chart\/tx\">Etherscan<\/a>.\u00a0<\/figcaption><\/figure>\n<p>A comparable decline was observed in January 2024, when the leading altcoin&#8217;s price fell by 30%.<\/p>\n<p>The stagnation in on-chain activity is also confirmed by the dynamics of <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> in DeFi applications.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-c75a8a96879619b7-6721738458331934.webp\" alt=\"TVL_DEX_ETH\" class=\"wp-image-275428\"\/><figcaption class=\"wp-element-caption\">Dynamics of TVL and volumes on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a> in the Ethereum DeFi ecosystem. Source: <a href=\"https:\/\/defillama.com\/chain\/ethereum\">DefiLlama<\/a>.<\/figcaption><\/figure>\n<p>Since the beginning of February, the ecosystem&#8217;s total indicator has decreased by more than 22%\u2014by February 18, it had fallen to $54.5 billion, down from $70 billion at the start of the month.<\/p>\n<p>The decline in TVL is accompanied by a <a href=\"https:\/\/defillama.com\/dexs\">drop in trading activity on DEX<\/a>, including the largest non-custodial exchange <a href=\"https:\/\/forklog.com\/en\/news\/what-is-uniswap-uni\">Uniswap<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-65d1c31fb5ee8224-6721778922561632-scaled.webp\" alt=\"DEX\" class=\"wp-image-275429\"\/><figcaption class=\"wp-element-caption\">Total TVL and aggregate turnover of the DEX segment. Source: <a href=\"https:\/\/defillama.com\/dexs\">DefiLlama<\/a>.<\/figcaption><\/figure>\n<p>An additional negative factor has been the <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">four-week capital outflow<\/a> from <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> based on Ethereum.<\/p>\n<p>Back in February, a &#8216;Bearish Pennant&#8217; also <a href=\"https:\/\/forklog.com\/en\/news\/a-bear-pennant-points-to-a-possible-drop-in-bitcoin-to-55000\">formed<\/a> on Bitcoin&#8217;s daily chart. The potential target is the $56,000 level within the month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The daily chart of Ethereum has formed a &#8216;Bearish Pennant&#8217;\u2014a pattern indicating a likely significant price drop.<\/p>\n","protected":false},"author":1,"featured_media":94465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Ethereum's daily chart shows a 'Bearish Pennant' suggesting a potential drop to $1100.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1268,1253],"class_list":["post-94464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-on-chain-analysis","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"153","promo_type":"1","layout_type":"1","short_excerpt":"Ethereum's daily chart shows a 'Bearish Pennant' suggesting a potential drop to $1100.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94464"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94464\/revisions"}],"predecessor-version":[{"id":94466,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94464\/revisions\/94466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94465"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}