ETH Technical Outlook: Testing Macro Base After 0.236 Breakdown
Ethereum remains in a strong corrective downtrend after rejecting from the $3,349–$3,728 resistance cluster (0.5–0.618 Fibonacci zone).
The breakdown below 0.382 ($2,970) and later a decisive loss of 0.236 ($2,502) triggered accelerated downside pressure, pushing ETH toward macro support.
Price is now consolidating around $1,860–$1,930, hovering just above the macro Fibonacci 0 level at $1,745.
This is a major structural support zone.
EMA Structure (Strong Bearish Alignment)
20 EMA: $2,084
50 EMA: $2,427
100 EMA: $2,766
200 EMA: $