Ethereum’s ‘Bottom’ Sparked a Crypto Chaos – Will Altcoins Rise?

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On 19 February, Ethereum’s price was flirting with $1,932, but not before a brutal plunge into the $1,700s. Drama, thy name is crypto. The decline was so intense, even your ex’s text messages felt like a luxury.

Altcoins were throwing wild parties, but their prices were still in their pajamas, sipping tea and avoiding the party. Meanwhile, the volume was like a determined gym bro, refusing to fade. Strong buy walls formed like a desperate ex trying to win you back-repeatedly.

So, was this quiet accumulation beneath visible panic, or just a bunch of traders pretending they’re not panicking? Spoiler: They’re panicking. But also accumulating. Because nothing says “I care” like buying Bitcoin when it’s at its lowest point.

Ethereum’s Descent: The Altcoin Party Gets a Boost (Or So We Hope)

Ethereum’s price drop towards $1,700 forced altcoins into a full-blown meltdown. Weak structures collapsed faster than your hopes for a stable relationship. Sentiment turned hostile, like a bad date that never ended.

But here’s the twist: volume surged during the weakness, like a romantic comedy where the protagonist finally finds their true love… but it’s actually just a better deal on a sofa. High participation at depressed prices? More like high participation at “I’m desperate, please save me” prices.

Stablecoin-quoted altcoin volume? It’s like a party where everyone’s wearing a mask, but the scale is undeniable. The structure shifted from pure decline to “I’m not dead yet, but I’m definitely not alive.”

Buy walls absorbed aggressive selling like a therapist who’s seen it all. Instead of a collapse, the altcoin price stabilized. Because nothing says “I’m stable” like a chart that’s not falling apart.

Others/Bitcoin: The Breakup That Wasn’t

OTHERS/BTC broke above a long-standing bullish wedge on the weekly chart. That break followed years of lower highs. The shift was not cosmetic. It was more like a midlife crisis with a fancy haircut.

Meanwhile, the MACD told a harsher story. Since 2021, it has flipped red after every breakout attempt. Momentum failed repeatedly, and every spark was crushed. Like a relationship where you’re always the one who’s wrong.

Notably, the MACD has now stayed green for two consecutive months for the first time in nearly six years. Previously, only the 2021 altcoin season sustained green momentum. Other breakout attempts were sold aggressively. Because nothing says “I’m not interested” like a quick sell.

After years buried in negative territory and extremely oversold conditions, the indicator has finally begun to wake up. The RSI echoed that shift, climbing steadily from oversold levels and printing higher lows. Like a person finally getting their act together after a long night of regret.

However, not everyone might be convinced. A full altcoin season requires broader confirmation. Many believe that without Bitcoin holding above the Weekly EMA 200, any rally would remain fragile. Because nothing says “I’m serious” like a chart that’s still teetering on the edge.

Hence, confidence still depends on Bitcoin holding above the Weekly EMA 200. Because trust is a fragile thing, much like a crypto portfolio.

Is an Altcoin Rally Imminent? Probably Not, But Let’s Pretend

The ALT/BTC echoed similar strength with a persistent green MACD histogram. That consistency had been absent for years. Therefore, momentum might just be shifting gradually. Like a slow-burn romance that’s finally taking off… or a slow-burn disaster.

However, the prices still remain below prior cycle highs. The structure may be constructive, but incomplete too. February’s close will carry heavy weight for the altcoin. Because nothing says “I’m ready” like a month that’s still waiting for its moment.

Final Summary

  • Volume expansion and MACD strength hinted at structural accumulation across Ethereum’s charts. Or, as we like to call it, “I’m not crying, you’re crying.”
  • A confirmed green February close could ignite broader altcoin momentum. Or it could just be a fluke. We’ll see if the universe is feeling generous.

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2026-02-20 11:23