$ETH Tonight (February 20, 2026), ETH's real-time price is roughly oscillating in the **1935–1960 USD** range (multiple data sources show about 1940–1953 USD, 24-hour low around 1907–1932, high around 1970–1973). After a slight intraday pullback, it stabilized, but overall remains weak and consolidating without clear signs of volume-driven surge. The options expiration (a large ETH options expiry today with a notional value of several hundred million dollars, max pain around 2025–2050) might cause some volatility, but the bearish pressure hasn't been fully released yet.

Since you haven't opened a position and want to short, here are my personal suggested entry points based on current technicals and market sentiment (for reference only, as crypto markets can change suddenly):

- **Primary short entry zone: 1960–1980 USD** (safest / high cost-performance)
Why?
- This area has been a recent resistance zone multiple times (1966–1972 trapped longs, short-term moving averages around 1980 exert pressure).
- Many analysts and technical charts indicate this is a typical "rebound high sell" or "trap for bullish longs" position; a rebound here often results in a false breakout followed by a sharp drop.
- Currently, the price is below 1950; if it can be pushed above 1965+, the probability of a successful short increases (consider placing staggered orders, e.g., some at 1960, more at 1975).
- Initial targets are 1920–1900 (short-term support), then if broken, 1860–1880 or even lower (historical lows).
- Stop-loss suggested above 1985–2000 (break above 2000 round number indicates wrong position, short-term short squeeze possible).

- **More aggressive alternative: if already near or slightly above 1970**, consider short at 1975–1990 (but avoid chasing too high, as weekend liquidity is low and can cause slippage).
Many say “short at the top, don’t chase unless there’s major positive news,” as this rebound momentum is weak and could be an opportunity for longs to add.

- **Conservative approach: wait for a breakdown before shorting**: if you fear fakeouts, wait until the price clearly breaks below 1920–1930 to confirm weakness, then buy the dip around 1930–1950 for shorts (less risk, but might miss some profit).

Overall strategy: **Tonight mainly bearish**. Shorting has a higher win rate than chasing longs, but don’t go all-in; keep leverage within 5–10x (or use spot/low leverage), and set strict stop-losses. Weekend liquidity is thin, prone to extreme swings (sharp rises or drops). If volume suddenly breaks above 2000 and stabilizes, then cover shorts and look for longs.