ETH Technical Outlook: Ethereum Consolidates Above Key Demand After Structural Breakdown
Ethereum remains in a bearish market structure following a sharp rejection from the $4,450–$4,950 macro supply zone, where price failed near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase, ending the prior uptrend and triggering a sustained decline.
The breakdown accelerated once ETH lost the $4,065–$3,790 region (0.618–0.5 Fib), flipping this major zone into strong overhead resistance.
EMA Structure (Bearish Alignment)
20 EMA – $2,981
50 EMA – $3,120
100 EMA – $3,328
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